Question

Azmirs checking account pays .75% interest monthly fee and has a $7.50 service fee. if azmirs balance last month was $825, find the amount of credit or debit to his account after interest and service fear both applied.

Answer 1

Debit of $1.31

Step-by-step explanation:

ap*x

Answer 2

Answer: Total amount of credit or debit to his account after interest and service fear both applied is $811.3125.

Step-by-step explanation:

Since we have given that

Total balance in Azmir's account last month=$825

0.75% interest for monthly fee which is given by

`0.75\%\text{ of }825\\\\(0.75)/(100)* 825\\\\=0.0075* 825\\\\=\$6.1875`

Now, his balance becomes

`825-6.1875=\$818.8125`

Now, he has service fee of $7.50 , it will also deduct from it , which is given by

`818.8125-7.50=\$811.3125`

Hence, total amount of credit or debit to his account after interest and service fear both applied is $811.3125.