Your bank account balance is -$6.55. You deposit $21.75. What is your new balance? Explain how you calculated the new balance.

Answer 1

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.