Yesterday, Jed's bank account balance was –$26.34. He deposited some money into his account so that the balance is now $42.18.
How much did he deposit into his account?
Answer (2)
Jed's bank account balance yesterday = -$26.34 Jed's account balance now = $42.18 So Jed's balance has recovered from a negative balance to a positive balance. Now it is required to find the amount of money jed deposited to reach this state. Let us assume that money deposited by Jed = X Then X -26.34 = 42.18 X = 42.18 + 26.34 = 68.52 So Jed deposited $68.52 in his account.
Jed deposited $68.52 into his bank account to increase his balance from -$26.34 to $42.18. This was calculated by setting up and solving a simple equation based on the balances. The deposit amount was found by adding his previous negative balance to the current positive balance.
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