Tyrone's bank account had a balance of -$58.97 last week. His paycheck of $316.39 was deposited this week. If there have been no other transactions, which of the following is true?

Question

A.
Tyrone's current account balance is $257.42.
B.
Tyrone's current account balance is $375.36.
C.
Tyrone's current account balance is -$375.36.
D.
Tyrone's current account balance is -$257.42.

Answer 1

To find Tyrone's current account balance, we need to add his paycheck to his previous balance.

Tyrone's balance last week: -$58.97
Paycheck deposited this week: +$316.39

Now, we can calculate his current balance:

\[ \text{Current balance} = \text{Previous balance} + \text{Paycheck} \] \[ \text{Current balance} = -58.97 + 316.39 \]

Calculating this gives:

\[ = 316.39 - 58.97 = 257.42 \]

So, Tyrone's current account balance is $257.42.

The correct answer is: A. Tyrone's current account balance is $257.42.