document.write( "Question 660584: need formula
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document.write( "Your bank account was overdrawn by $14. You then were charged a $35 overdraft fee. The bank applies a $5 fee for each day your account is over drawn. Your account is overdrawn for 3 days when you deposit a check for $256. What is your account balance after depositing the check? Will you have enough money to pay your $52 electric bill (assuming no other money is spent)? \n" );
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Algebra.Com's Answer #411265 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! \"Your bank account was overdrawn by $14\"\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "means that you're $14 in the hole. So the balance is at -14 dollars.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "\"You then were charged a $35 overdraft fee\"\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "means you're an additional $35 in the hole. So the balance is now at -14-35 = -49 dollars.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Let x = number of days the account is over drawn\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "If a $5 fee is applied each day the account is over drawn, then you're subtracting 5 dollars each day. So over the course of x days, you will have subtracted 5x dollars total.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So the final balance after x days is -49 - 5x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "After 3 days, the final balance will be...\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-49 - 5x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-49 - 5(3)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-49 - 15\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-64\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So after 3 days, the final balance will be -64 dollars.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now add on the $256 from the check you deposit: -64+256 = 192\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Since $192 is larger than $52, this means you will have enough money to pay your $52 electric bill (assuming no other money is spent). \n" ); document.write( " |