Question

Alfredo's bank charges an $8 service fee each month if his account goes below $500. In June, Alfredo had $510 in his account. He withdrew $25 and then did not have any transactions in his account for 6 months. a. Write as an integer the amount by which Alfredo's bank balance changed during the six months.

Answer 1

$48

Explanation:

Given that he is charged $8 service fee each month if his account goes below $500. If he has $510 and withdraws $25 the amount in account would be

= $510 - $25

= $485

This is below $500 hence he will be charged $8

Since he did not have any transactions in his account for 6 months, the change in his account as a result of the monthly charge

= 6 * $8

= $48