Class 6 Exam > Class 6 Questions > You deposit ₹50 into your bank account, then ...
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You deposit ₹50 into your bank account, then withdraw ₹70. What is your new balance if you started with ₹0?
- a)₹-20
- b)₹70
- c)₹50
- d)₹-50
Correct answer is option 'A'. Can you explain this answer?
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You deposit ₹50 into your bank account, then withdraw ₹70. What is you...
Understanding the Bank Transaction
To find your new balance after making a deposit and a withdrawal, we can break down the transactions step by step.
Initial Balance
- You start with ₹0 in your bank account.
Deposit Amount
- You deposit ₹50 into your account.
- New balance after the deposit:
- ₹0 + ₹50 = ₹50
Withdrawal Amount
- You then withdraw ₹70 from your account.
- New balance after the withdrawal:
- ₹50 - ₹70 = ₹-20
Final Balance
- After completing both transactions:
- Your balance is now ₹-20.
This means you are in a negative balance of ₹20, indicating that you owe the bank ₹20. Hence, the correct answer is option 'A', which states your balance is ₹-20.
Understanding how to manage deposits and withdrawals is essential for keeping track of your finances!
To find your new balance after making a deposit and a withdrawal, we can break down the transactions step by step.
Initial Balance
- You start with ₹0 in your bank account.
Deposit Amount
- You deposit ₹50 into your account.
- New balance after the deposit:
- ₹0 + ₹50 = ₹50
Withdrawal Amount
- You then withdraw ₹70 from your account.
- New balance after the withdrawal:
- ₹50 - ₹70 = ₹-20
Final Balance
- After completing both transactions:
- Your balance is now ₹-20.
This means you are in a negative balance of ₹20, indicating that you owe the bank ₹20. Hence, the correct answer is option 'A', which states your balance is ₹-20.
Understanding how to manage deposits and withdrawals is essential for keeping track of your finances!
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You deposit ₹50 into your bank account, then withdraw ₹70. What is you...
Depositing ₹50 and then withdrawing ₹70 leaves a balance of ₹-20.
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You deposit ₹50 into your bank account, then withdraw ₹70. What is your new balance if you started with ₹0?a)₹-20b)₹70c)₹50d)₹-50Correct answer is option 'A'. Can you explain this answer?
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