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

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

Answer 1

In this context, the statement that best interprets |−300| is:

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

This interpretation accurately reflects that the absolute value |−300| signifies the magnitude of the withdrawal from Owen's account, which is $300.