Answer:
No, Amit's reasoning is not correct.
Explanation:
We are given that:
Amit's bank charges a $5.75 fee every month that his account balance is below a certain amount.
we have to determine how much his account balance changes after 7 month of fees
Fees of 1 month=$5.75
Fees of 7 months will be:
(5.75)×7=40.25
Hence, Amit's reasoning was incorrect as he applied a minus sign with 5.75