Question

Anna has $274.00 in her account on sunday. over the next week, she makes the following changes to her balance via deposits and purchases: day debit ($) credit ($) monday 194.62 35.45 tuesday --- 11.20 wednesday 145.86 24.75 thursday 53.35 33.80 friday 31.60 45.77 saturday 12.90 61.63 on which day or days does anna get charged an overdraft fee? i. wednesday ii. thursday iii. friday

a. i only
b. i and ii
c. ii and iii
d. iii only

Answer 1

he is saying C II and III

Explanation:

Answer 2

Overdrafts are charged when your balance is negative, becuase it means the bank made a loan (an unexpected one) to you.

initial balance: $274

day debit ($) credit ($) balance($)

monday 194.62 35.45 274.00 - 194.62 + 35.45 = 114.83
tuesday --- 11.20 114.83 - 0 + 11.2 = 126.03
wednesday 145.86 24.75 126.03 - 145.86 + 24.75 = 4.92
thursday 53.35 33.80 4.92 - 53.35 + 33.8 = - 14.63
friday 31.60 45.77 -14.63 - 31.60 + 45.77 = -0.46
saturday 12.90 61.63 -0.46 - 12.90 + 61.63 =48.27

Thursaday anf Friday show a negative balance, then the answer is the option c: II and II.