Question

Javier had $305 in his bank account. His bank charges a fee of $7.50 each month that a balance is below $500.

If he makes no other deposits or withdrawals, how much money is in Javier’s account at the end of three months?
Enter your answer in the box.

Answer 1

282.50

if his bank charges him $7.50 each month for a balance below of $500

then Javier who did not deposit or withdraw (added or subtracted) but had a total of 305 would be charged 7.50 for those 3 months

305 - 7.50 (3) = X

305 - (22.5)

282.50

Answer 2

Answer: He had $277.50 at the end of 3 months.

Explanation:

Since we have given that

Amount he had in his bank account = $305

Bank charges each month = $7.50

Number of months = 3

So, Bank charges for 3 months would be

`7.50* 3\\\\=\$22.5`

So, Amount left in his bank account would be

`\$305-\$22.5\\\\=\$277.50`

Hence, he had $277.50 at the end of 3 months.