Question 3 of 34intermediate🔧 ApplyNumerical3 marks

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?

Correct Answer

Starting balance: ₹0 Total credits: ₹30 + ₹40 + ₹50 = ₹120 Total debits: ₹40 + ₹50 + ₹60 = ₹150 Balance = Credits − Debits = ₹120 − ₹150 = −₹30 The bank account balance is −₹30 (a debit balance of ₹30).

Exercise: Figure it Out (Section 11) | Q: 1 | (Chapter: Page 19)
For More Understanding

Explanation

The chapter explains that credits are positive numbers and debits are negative numbers. The total balance is the sum of all credits and debits. Total credits = 30 + 40 + 50 = 120. Total debits = 40 + 50 + 60 = 150. Balance = 120 − 150 = −30.

Solution Steps

  1. Step 1: Calculate total credits: 30 + 40 + 50 = 120

  2. Step 2: Calculate total debits: 40 + 50 + 60 = 150

  3. Step 3: Find balance: Total credits − Total debits = 120 − 150

  4. Step 4: Result: −30 rupees

PreviousNext