Question 18 of 33intermediate🔧 ApplyNumerical3 marks

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?

Correct Answer

Total debits: ₹1 + ₹2 + ₹4 + ₹8 + ₹16 + ₹32 + ₹64 + ₹128 = ₹255 Total credit: ₹256 Balance = Credit − Debits = ₹256 − ₹255 = ₹1 The bank account balance is ₹1 (a credit balance of ₹1).

Exercise: Figure it Out (Section 11) | Q: 2 | (Page Page 19)
For More Understanding

Explanation

The chapter explains credits as positive and debits as negative. Total debits = 1 + 2 + 4 + 8 + 16 + 32 + 64 + 128 = 255. Credit = 256. Balance = 256 − 255 = 1 rupee.

Solution Steps

  1. Step 1: Calculate total debits: 1 + 2 + 4 + 8 + 16 + 32 + 64 + 128 = 255

  2. Step 2: Total credit: 256

  3. Step 3: Balance: 256 − 255 = 1

  4. Step 4: Result: ₹1 credit balance

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