Question

1. In the past, Sam cashed his paycheck each month at Ready Cash, a check cashing service that

charges a 5% fee. He recently opened a checking account at Bank of America so he can now
deposit and/or cash his paycheck without a fee. If Sam is making $28,500 per year, how much will
he save by not going to Ready Cash anymore?

Answer 1

Explanation:

28000 ÷ 100

=280

280 × 5

=1400