Question

David has a checking account. His opening balance on 3/1 was $120. The bank charges a 30¢ fee for each debit card transaction and a 20¢ fee for each check. David made the following transactions:

Used debit card for $20 movie tickets on 3/5
Deposited $38 paycheck on 3/12
Transferred $25 to savings account on 3/16
Withdrew $20 cash from ATM on 3/20



What is David’s balance after the transaction on 3/20?

Answer 1

0! David's balance is $0 after the transaction.

Answer 2

David has zero balance in his account.