Question
Your bank account balance is -$6.55. You deposit $21.75. What is your new balance? Explain how you calculated the new balance.
Answers
GPT-4o mini
To calculate the new balance after depositing $21.75 into an account with a current balance of -$6.55, you can follow these steps:
1. **Identify the current balance:** Your current balance is -$6.55. This means you owe $6.55.
2. **Add the amount deposited:** You are depositing $21.75. To find the new balance, you add this deposit to the current balance:
\[
\text{New Balance} = \text{Current Balance} + \text{Deposit}
\]
\[
\text{New Balance} = -6.55 + 21.75
\]
3. **Perform the calculation:**
- Start with -6.55
- When you add 21.75, you can think of it as bringing the negative balance to zero and then adding the remaining amount:
\[
21.75 - 6.55 = 15.20
\]
So, your new balance is **$15.20**.
This means that after the deposit, you not only cover your previous negative balance but also have a positive balance of $15.20.
1. **Identify the current balance:** Your current balance is -$6.55. This means you owe $6.55.
2. **Add the amount deposited:** You are depositing $21.75. To find the new balance, you add this deposit to the current balance:
\[
\text{New Balance} = \text{Current Balance} + \text{Deposit}
\]
\[
\text{New Balance} = -6.55 + 21.75
\]
3. **Perform the calculation:**
- Start with -6.55
- When you add 21.75, you can think of it as bringing the negative balance to zero and then adding the remaining amount:
\[
21.75 - 6.55 = 15.20
\]
So, your new balance is **$15.20**.
This means that after the deposit, you not only cover your previous negative balance but also have a positive balance of $15.20.