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

Question

A. The amount of tax detected from Owen’s account last month is $300
B. The amount of money deducted from Owen’s account last month is $300
C. The number -300 is 300 units away from 0 on a real number line
D. Last month, Owen’s account earned interest of $300

Answer 1

The best interpretation of \(| -300 |\) in this context is:

B. The amount of money deducted from Owen’s account last month is $300.

This interpretation aligns with the context of a bank statement where withdrawals are represented as negative values, indicating money taken out of the account. \(| -300 |\) represents the absolute value, which is $300, or the amount deducted from Owen's account.