Question

Your local bank offers free checking accounts with a balance of at least $500. Suppose you have a balance of $516.46 and you write a check for $31.96. How much do you need to deposit to avoid being charged a servicd fee ?

Answer 1

516.46 - 31.96 = 484.50
500.00 - 484.50 = 15.50

15.50 you need to deposit to aviod being charged a serviced fee.

Hope this helped! :D