Question

MidFirst Bank charges a monthly maintenance fee of $11 and a check writing fee of $0.07 per check. Last year Samantha wrote 144 checks form her account to pay her bills. What was the total fees she paid on that account last year?

Answer 1

Samantha paid MidFirst Bank a total of $142.08 in fees last year, which includes a monthly maintenance fee of $11 and a $0.07 fee per check for the 144 checks she wrote.

Step-by-step explanation:

The question requires us to calculate the total fees paid by Samantha to MidFirst Bank last year, considering both the monthly maintenance fee and the check writing fee per check. The monthly maintenance fee is $11, and there are 12 months in a year, so the annual maintenance fee would be 12 months times $11 per month. Additionally, Samantha wrote 144 checks last year with a fee of $0.07 per check.

To calculate the total fees paid:

• Calculate the annual maintenance fee: 12 months × $11/month = $132
• Calculate the total check writing fees: 144 checks × $0.07/check = $10.08
• Add both fees to get the total annual fees: $132 + $10.08 = $142.08

Therefore, Samantha paid a total of $142.08 in fees to MidFirst Bank last year.