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28 September, 23:23

If Bob's bank account has $300, what will be his bank balance after he pays $368 to repair his car? Bob's bank charges a $25 overdraft fee if he spends more money than what is in his account. What will be his new balance after the bank charges him the overdraft fee?

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  1. 29 September, 01:47
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    His new balance after the bank charges him the overdraft fee will be

    $300-$368-$25 = - $93

    Step-by-step explanation:

    If Bob's bank account has $300, this means what he ordinarily has to spend is $300

    If he pays $368 to repair his car, he has made use of overdraft because he has spent more than he ordinarily had to spend. He will be charged overdraft fee of $25 (Bob's bank charges a $25 overdraft fee if he spends more money than what is in his account)

    His new balance after the bank charges him the overdraft fee will be

    $300-$368-$25 = - $93
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