Question

Patty has a checking account at a local bank. The monthly checking fee is $10, including any checks she writes. Nonbank ATM withdrawals cost $2. At the beginning of the month, Patty’s checking account balance is $700. She deposited $300 from her job and withdrew $20 in cash from a nonbank ATM. She wrote a check for $100 to a local charity. What is her checking account balance at the end of the month?

A) $958

B) $868

C) $728

D) $658

Answer 1

B) 868

Explanation:

1. You add 700+300 which is 1000

2. You subtract the amount wasted or withdrawn which will get you 880

3. You subtract the fees which will then get you 868 as your answer