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4 September, 19:08

Jerry Jones has overdrawn his account by $15. There is $10 service charge for an overdrawn account. If he deposits $60. What is his new balance

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  1. 4 September, 19:56
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    Oops for Jerry. Don't let this happen to you!

    An overdrawn account by $15 is a negative $15. When you add the $10 service charge, you now have negative $25. When you add your $60, you will only have the difference between $25 and $60 left in the account.

    It looks like this:

    -$15 + $60 = ?

    60 - 15 = 45 dollars in the account.

    Good news for Jerry. My bank charges $35 service charge to be overdrawn. (Don't ask me how I know this ...)
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