Conrad Savings Bank has a $50 overdraft fee.On Friday,Mr.McQuire deposited his paycheck of $468.92 for a total account balance of $712.34.The next morning,his wife wrote a check for $1,267.45 for a new refrigerator and stove.The check cleared the bank by the end of the day.What is the current balance in the McQuires' account?

Question

Quizplus · Accepted Answer

The account balance before the check was written was $712.34. The check amount was $1,267.45, which results in an overdraft of $555.11 ($712.34 - $1,267.45). Adding the $50 overdraft fee, the current balance is -$605.11.

Conrad Savings Bank Has a $50 Overdraft Fee