posted by maisha on .
Bill has overdrawn his account by $15. There is a $10 service charge for an overdrawn account. If he deposits $60, what is his new balance?
so far, this is what i think it should be like:
is it $55???
What about his overdraw of $15 ?
his balance would be 60 - 15 -10 = 35
wait, this means that in the beginning he got more out of his account, which made it -15 in his account
never mind, thx for the help
You forgot to subtract the $15 that he's overdrawn.
He deposits $60. But the bank takes out the $15 plus the $10 service charge.
$60 - $25 = $35
thank u, i understand it now