Question

1. Lin's sister has a checking account. If the account balance ever falls below zero, the bank charges her a fee of $5.95 per day. Today, the balance in Lin's sister's account is -$2.67. If she does not make any deposits or withdrawals, what will be the balance in her account after 2 days?

2. In 14 days, Lin's sister will be paid $430 and will deposit it into her checking account. If there are no other transactions besides the deposit and the daily fee, will Lin continue to be charged $5.95 each day after the deposit is made?

Answer 1

1. $-14.57

2. No, she will not be charged

Answer 2

1. $-14.57
2.No, she won’t be charged $5.95 after the deposit