Question

Lynn had overdrawn her checking account 5 days in a row after the balance reached $0. Each day she took out $12 without realizing what had happened. Which of the following would appear on a bank statement representing the amount currently in her account since she spent more than she had? * 1 point -$5.00 -$12.00 -$45.00 -$60.00

Answer 1

If Lynn withdrew $12 for 5 consecutive days after her balance reached $0, we can calculate the total amount overdrawn as follows:

Amount overdrawn each day: $12
Number of days: 5
Total amount overdrawn: \( 12 \times 5 = 60 \)

Since she started with a balance of $0 and withdrew a total of $60, her account would show an overdraft of -$60.

Thus, the amount that would appear on her bank statement would be -60.00.