I added up the amount which is 1412.56 but it's not apart of my answer choices....what am I doing wrong ? check out attachment in comment box
Starting balance = $2183.62 Deposits check for $562.56 Writes check for $750 what is the resulting balance?
Deposit: money going into account Writing check: money going out of account
1996.18 ?
Is that below the balance that needs to be maintained to avoid service charges?
so now it's of A & D !
2183.62+562.56=2746.18 2746.18-750=1996.18 1996.18+100=2096.18
Were all of the balances above 2000?
Look at the first and last sentences of the problem statement.
Its d because he didn't reach 20000!
No, it's D because the balance went below $2000 at some time during the month.
It's D because his balance fell below 2000 when he wrote the 750 dollar check.
The bank is saying "we won't charge you as long as there is always $2000 in the account." At one point, there was less than $2000 in the account, so the deal is off.
*2000 i meant to say
It's not a matter of reaching $2000, it's a matter of always maintaining $2000.
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