Describe a real-world situation that can be represented by the product 8(-20). Then find the product and explain what the product means in terms of the real-world situation.
Jim owes his 8 friends 20 dollars each He takes out a loan to pay his friends If Jim took out the exact amount he owed and his earlier balance was 0, how much money does Jim have in his bank account now? -160 Jim has -160 dollars in his bank account