Steve has overdrawn his checking account by $27. His bank charged him $15 for an overdraft fee. Then he quickly deposited $100. What is his

Question

Steve has overdrawn his checking account by $27. His bank charged him $15 for an overdraft fee. Then he quickly deposited $100. What is his current balance?

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Edana Edana 3 years 2021-08-26T04:43:28+00:00 1 Answers 3 views 0

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    2021-08-26T04:44:58+00:00

    Answer:

    Step-by-step explanation:

    Overdrawn amount =$27

    So Steve has negative $27 in the account.

    Bank charge =$15 which Steve has to pay to the bank.

    So Steve’s account has negative $27 plus negative $15.

    altogether negative (27+15)= 42.

    As he deposits $100, this negative $42 will be deducted from the newly available amount.

    so $100-$42 = $58.

    Now he is left with $58 in the account

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