Question

Javier had $305 in his bank account. His bank charges a fee of $7.50 each month that a balance is below $500.If he makes no other deposits or withdrawals, how much money is in Javier’s account at the end of three months?Enter your answer in the box.

Answer 1

Javier has $350 in his bank account.

$350 is below $500

If he makes no deposits or withdrawals, He will be below the $500 balance for the three months.

He will pay $7.50 each month for 3 months.

$7.50 x 3 = $22.5

Subtract that amount to his balance:

350-22.5 = $327.5

At the end of three months, there is $327.5