Question

Maria has a bank account balance of -$27.89. Her bank requires that she maintains a balance of at least +$30. How much must Maria deposit into her account to reach her minimum balance?

Answer 1

Maria deposit $2.11 into her account to reach her minimum balance.

According to the statement

we have to find that the by how much money deposited in the bank account maria complete the minimum balance in the bank account.

So, For this purpose, we know that the

A Minimum Balance is the minimum amount of money needed in a bank account to avoid any fees.

From the given information:

Maria has a bank account balance of -$27.89.

Here negative sign indicates that the it is the amount present in the bank account.

And

The minimum balance requires is $30.

So,

The amount need to be deposited in the bank account = minimum balance - amount present in bank account.

The amount need to be deposited in the bank account = 30 - 27.89

The amount need to be deposited in the bank account = 2.11

So, Maria deposit $2.11 into her account to reach her minimum balance.

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