Question

Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice a week, how much money does she pay in service fees every year?

Answer 1

Answer: the amount of money that she pays in service fees yearly is $234

Explanation:

The number of times that Faye uses an out of network ATM is twice in a week. Assuming that the total number of weeks in a year is 52 weeks in a year. It means that the number of times that she uses an out of network ATM in a year is 62 × 2 = 104 times.

Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. It means that the total cost for using an Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM for 104 times will be

2.25 × 104 = $234