Suppose you start with 0 rupees in your bank account, and then you have credits Class 6

Suppose you start with 0 rupees in your bank account, and then you have credits Class 6

Question 1.

Suppose you start with 0 rupees in your bank account, and then you have credits of ₹ 30, ₹ 40, and ₹ 50, and debits of ₹ 40, ₹ 50 and ₹ 60. What is your bank account balance now? Class 6

Solution:

Balance = (₹ 30 + ₹ 40 + ₹ 50 - ₹ 40 - ₹ 50 - ₹ 60) = - ₹ 30.

Question 2.

Suppose you start with 0 rupees in your bank account, and then you have debits of? 1, 2, 4, 8,16, 32, 64, and 128, and then a single credit of? 256. What is your bank account balance now? Class 6

Solution:

Balance = ₹ [(-1) + (-2) + (-4) + (-8) + (-16) + (-32) + (-64) + (-128) + (+256)] = ₹ 1.

Question 3.

Why is it generally better to try and maintain a positive balance in your bank account? What are circumstances under which it may be worthwhile to temporarily have a negative balance? Class 6

Solution:

It is generally better to try to maintain a positive balance in the bank account, so that we can earn -interest on that account and also withdraw some amount at the time of need. It may be worthwhile to temporarily have a negative balance, if you are urgent need of money and you are expecting of getting some amount after few days or month from some place or source, then you can withdraw the amount from your account more than the balance amount, thus resulting a negative balance in the account.