The amount in her bank account on the sixth day is $16 if Rose’s checking account has a balance of -$54. She makes no more withdrawals but deposits $15 per day in her account over the next 5 days.
What is the deposit?
A deposit by a payer into a payee's bank account is referred to as a direct deposit. Businesses most usually use direct deposits to pay salaries and wages, and they are typically made through electronic funds transfers or physical deposits into a payee's bank account.
We have:
Rose’s checking account has a balance of -$54. She makes no more withdrawals but deposits $15 per day in her account over the next 5 days.
Let x be the total amount in her bank account on the sixth day.
x = -54 + 5×15 - 5
x = -54 + 75 - 5
x = $16
Thus, the amount in her bank account on the sixth day is $16 if Rose’s checking account has a balance of -$54. She makes no more withdrawals but deposits $15 per day in her account over the next 5 days.
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