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Amy records deposits as positive numbers and withdrawals as negative numbers in her bank book.
Amy loaned an equal amount of money to each of 5 people. She loaned a total of 
$100. She recorded each loan by writing each amount in her bank book.
What is the amount Amy recorded in her bank book for each loan?

$

Amy records deposits as positive numbers and withdrawals as negative numbers in her bank book.\newlineAmy loaned an equal amount of money to each of 55 people. She loaned a total of $100 \$ 100 . She recorded each loan by writing each amount in her bank book.\newlineWhat is the amount Amy recorded in her bank book for each loan?\newline$ \$ ____

Full solution

Q. Amy records deposits as positive numbers and withdrawals as negative numbers in her bank book.\newlineAmy loaned an equal amount of money to each of 55 people. She loaned a total of $100 \$ 100 . She recorded each loan by writing each amount in her bank book.\newlineWhat is the amount Amy recorded in her bank book for each loan?\newline$ \$ ____
  1. Calculate Total Loan Amount: Amy loaned a total of $100\$100 to 55 people equally. To find out how much each person received, divide the total amount by the number of people.
  2. Calculate Amount per Person: Calculation: $100÷5=$20\$100 \div 5 = \$20 per person.
  3. Record Loans in Bank Book: So, Amy recorded $20-\$20 in her bank book for each loan, because loans are recorded as negative numbers.

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