Betsy's high school is putting on a production of a play as a fundraiser for the school's music programs. A local bank has agreed to allow the school to use a line of credit from which they can withdraw money to pay for the play. Then, any deposits they make at the bank will be applied to the negative balance of the credit account.

The play cost $3,300.00 to produce, and they intend to sell tickets for $5 apiece. After the play, Betsy will take the ticket proceeds and deposit them with the bank. If 426 people attend the play's opening night, what will the balance of the bank account be?

Question

Betsy's high school is putting on a production of a play as a fundraiser for the school's music programs. A local bank has agreed to allow the school to use a line of credit from which they can withdraw money to pay for the play. Then, any deposits they make at the bank will be applied to the negative balance of the credit account.

The play cost $3,300.00 to produce, and they intend to sell tickets for $5 apiece. After the play, Betsy will take the ticket proceeds and deposit them with the bank. If 426 people attend the play's opening night, what will the balance of the bank account be?

ash2326 · Answer

Play cost $3300, so the credit balance in bank is........ 
@mirandajoline_ can you tell?

anonymous · Answer

$2130? @ash2326

ash2326 · Answer

Suppose you have $3000 , I borrow 3000 from you. So I owe you 3000, or I have -3000 balance on you
Do you get this idea?

ash2326 · Answer

@mirandajoline_ ??