Question

Lydia uses an out-of-network ATM that is very convenient for her, but it charges her a $3.75 service fee every time she uses it. If Lydia uses this out-of-network ATM once a week, how much money does she pay it in service fees every year? *

a. $195
b. $169
c. $180
d. $234

Answer 1

Lydia pays $195 in service fees every year for using the out-of-network ATM once a week.

Step-by-step explanation:

To find out how much money Lydia pays in service fees every year, we need to determine the number of times she uses the out-of-network ATM in a year and then multiply it by the service fee she is charged each time.

Given that Lydia uses the out-of-network ATM once a week, we can calculate the number of times she uses it in a year by multiplying the number of weeks in a year (approximately 52) by 1. Therefore, she uses the out-of-network ATM approximately 52 times in a year.

Now, we multiply the number of times she uses the out-of-network ATM (52) by the service fee charged each time ($3.75) to find the total amount she pays in service fees every year. Using the formula: Total fees = Number of uses * Service fee, we have:

Total fees = 52 * $3.75 = $195

Therefore, Lydia pays $195 in service fees every year.