kipp signed up for overdraft protection at his bank. this bank charges an overdraft fee of $25 for…

kipp signed up for overdraft protection at his bank. this bank charges an overdraft fee of $25 for insufficient funds. kipp had a balance of $104. he then used his bank debit card to buy some new clothes. if the total charge for the clothes was $112, what is kipps new balance? -$8 -$33 $17 $8

kipp signed up for overdraft protection at his bank. this bank charges an overdraft fee of $25 for insufficient funds. kipp had a balance of $104. he then used his bank debit card to buy some new clothes. if the total charge for the clothes was $112, what is kipps new balance? -$8 -$33 $17 $8

Answer

Explanation:

Step1: Calculate the balance after purchase

Subtract the cost of clothes from the initial balance. $104 - 112=- 8$

Step2: Add the overdraft fee

Since there is an overdraft, add the $25$ - dollar fee to the balance after purchase. $-8-25=-33$

Answer:

-$33