Your bank account balance is -$6.55. You deposit $1.75. What is your new balance? Explain how you calculated the new balance.

Answer 1

To find the new balance after depositing $1.75 into your bank account, you need to add the deposit amount to your current balance.

1. Start with the current balance: -$6.55
2. Add the deposit amount: -$6.55 + $1.75

To perform the addition, you can think of it as:

• Convert the deposit into a negative number in order to add: -$6.55 + $1.75 is the same as -$6.55 + (+1.75)

• Calculate it step by step:

  • First, you can combine the amounts:
    • $1.75 - $6.55 = -$4.80

So your new balance after the deposit is -$4.80.

This means that after depositing $1.75, your account is still in the negative, but you've reduced the overdraft amount from $6.55 to $4.80.