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Jim Tree writes a $40 check that is returned for "insufficient funds." His bank charges a $20 fee for an overdraft, and the company he wrote the check to charges $15. How much must Jim pay in total to
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Jim Tree writes a $40 check that is returned for "insufficient funds." His bank charges a $20 fee for an overdraft, and the company he wrote the check to charges $15. How much must Jim pay in total to clear up this situation?

User Bob Hopez
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2 Answers

4 votes
I believe he would have to pay $35 to clear it all up because he got the original $40 back. Then he had to pay $20 to his bank, and $15 to the company.

20+15=35
User Numeri
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7.9k points
5 votes
40 + 20 + 15 = $75
The original check amount + bank overdraft fee + company fee
User Vartec
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7.8k points
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