7.3B 4. Mrs. Hotchkiss has $21.70 in her bank account. She
writes a check to buy three books that are $12.99 each.
Her bank charges $20 in overdraft fees for insufficient
funds. What is Mrs. Hotchkiss' new balance?

Her new balance is now $-37.27. If each book costs 12.99 dollars each, and she is trying to buy 3, it will cost her $38.97. Since she doesn’t have enough money, they charge her an extra $20. If you add both values together, you get $58.97. Remember she has $21.70 in her account, so we subtract $21.70 by 58.97, and we get -37.27 dollars. She is in debt with a current balance of -$37.27.

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