Class 6 Exam > Class 6 Questions > If your bank balance is ₹100 and you spend ₹1...
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If your bank balance is ₹100 and you spend ₹120, what will your balance be?
- a)₹220
- b)₹0
- c)₹-20
- d)₹20
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
If your bank balance is ₹100 and you spend ₹120, what will your balanc...
Spending ₹120 from ₹100 leaves you with a balance of ₹-20.
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If your bank balance is ₹100 and you spend ₹120, what will your balanc...
Understanding Bank Balance
When managing money, it's important to know how spending affects your bank balance. Let’s break down the scenario provided.
Initial Bank Balance
- You start with a bank balance of ₹100.
Amount Spent
- You decide to spend ₹120.
Calculating the New Balance
- To find your new balance after spending, you subtract the amount spent from your initial balance:
New Balance = Initial Balance - Amount Spent
- Plugging in the numbers:
New Balance = ₹100 - ₹120
- This results in:
New Balance = ₹-20
Interpreting the Negative Balance
- A negative balance means you have overspent. In this case, you spent ₹20 more than what you had in your bank account.
- Banks usually allow a negative balance (also known as an overdraft), but this can incur fees.
Conclusion
- Therefore, when you spend more than you have, your balance reflects a debt.
- The correct answer to the question is option 'C': ₹-20. This represents that you owe ₹20 to the bank due to overspending.
Understanding how spending affects your balance is crucial for managing finances effectively!
When managing money, it's important to know how spending affects your bank balance. Let’s break down the scenario provided.
Initial Bank Balance
- You start with a bank balance of ₹100.
Amount Spent
- You decide to spend ₹120.
Calculating the New Balance
- To find your new balance after spending, you subtract the amount spent from your initial balance:
New Balance = Initial Balance - Amount Spent
- Plugging in the numbers:
New Balance = ₹100 - ₹120
- This results in:
New Balance = ₹-20
Interpreting the Negative Balance
- A negative balance means you have overspent. In this case, you spent ₹20 more than what you had in your bank account.
- Banks usually allow a negative balance (also known as an overdraft), but this can incur fees.
Conclusion
- Therefore, when you spend more than you have, your balance reflects a debt.
- The correct answer to the question is option 'C': ₹-20. This represents that you owe ₹20 to the bank due to overspending.
Understanding how spending affects your balance is crucial for managing finances effectively!
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If your bank balance is ₹100 and you spend ₹120, what will your balance be?a)₹220b)₹0c)₹-20d)₹20Correct answer is option 'C'. Can you explain this answer? for Class 6 2025 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about If your bank balance is ₹100 and you spend ₹120, what will your balance be?a)₹220b)₹0c)₹-20d)₹20Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 6 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If your bank balance is ₹100 and you spend ₹120, what will your balance be?a)₹220b)₹0c)₹-20d)₹20Correct answer is option 'C'. Can you explain this answer?.
If your bank balance is ₹100 and you spend ₹120, what will your balance be?a)₹220b)₹0c)₹-20d)₹20Correct answer is option 'C'. Can you explain this answer? for Class 6 2025 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about If your bank balance is ₹100 and you spend ₹120, what will your balance be?a)₹220b)₹0c)₹-20d)₹20Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 6 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If your bank balance is ₹100 and you spend ₹120, what will your balance be?a)₹220b)₹0c)₹-20d)₹20Correct answer is option 'C'. Can you explain this answer?.
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