Question

What is the new balance if $875 is deposited and $316 is withdrawn from a balance of $2,056?

Answer 1

$2,615

Explanation:

The balance of $ 2,056 is a positive number,
The deposits of $ 875 is a positive number.
The withdrawal of $ 316 is a negative number

First add the positive values

`$ 2,056 + $875 = $ 2,931`

Now subtract the negative value of the withdrawal

`$ 2,931 - $316 = $ 2,615`