Last month, Owen received a bank statement of his savings account. It listed his withdrawal of $300 as −300. The bank shows a total end of the month balance of $10,500. Which statement best interprets |−300| in this context?
The statement |-300| in this context represents the magnitude or absolute value of the withdrawal of $300.
In this context, the expression |−300| represents the absolute value of the withdrawal amount of $300. The absolute value of a number disregards the negative sign and gives the positive value of the number. Therefore, |−300| is equal to 300.
