Question

Dana's checking account requires that she maintain a minimum balance of $1000 to avoid a monthly service fee, and her balance at the beginning of this month was $1096.03. If Dana's transactions so far this month have been a direct deposit of $613.72 on the 2nd of the month, a check written by Dana on the 5th of the month to her landlord for $700 that cleared the next day, and a cash deposit of $200 on the 8th of the month, has Dana been able to avoid the monthly service fee?

Answer 1

http://openstudy.com/code-of-conduct

Answer 2

At least help thu

Answer 3

I will help you to understand, but you do have to be respectful of the rules and be willing to learn

Answer 4

Yes I do I swear!

Answer 5

You should of studied for your exam! Giving you the answer(s) would be considered cheating and unfair for other students who also took the test.

Answer 6

I studied thats first of all and actually went back to the lesson for that specific question still couldnt if i wanted cheat I cood done it other way I jus need help dont get it wrong!

Answer 7

Ok, so let's begin. The question states that our beginning balance is $1,096.03. The first step says that we have a deposit of $613.72. Does this mean that we would be adding or subtracting?

Answer 8

Subtracting right?

Answer 9

A deposit means that you put money IN to your account

Answer 10

Withdrawal means to take money out

Answer 11

Ohhh got mixed up? so its adding

Answer 12

Correct. Go ahead and add the two amounts and tell me what you get

Answer 13

Its 1709.75

Answer 14

Correct. So next, Dana writes a check for $700.00. This means that money is withdrawn from her account. Are we adding or subtracting? And what is your answer after this step?

Answer 15

Im not going to fail even if I failed this quiz Im just going to get it lock for 2mrw morning and then do it again but you can go now and talk sumwhere else

Answer 16

@Skip2mylou426 take out and idk?

Answer 17

Minus 700 from 1709.75?

Answer 18

Correct

Answer 19

For real?

Answer 20

Then what?

Answer 21

Yes. Go ahead and subtract 700 from 1709.75 and tell me what you get

Answer 22

1009.75?

Answer 23

Correct. The final step is a DEPOSIT of $200. Are we adding or subtracting?

Answer 24

Adding!

Answer 25

Ok, add the $200 and let me know what you get

Answer 26

1209.75

Answer 27

Theres choices for the question but I didnt post them cuz i wanted to know how to do it

Answer 28

Okay so the balance has to be at least $1,000 for Dana to avoid the service fee. Was she able to avoid the service fee?

Answer 29

Yes because its more

Answer 30

Correct! All done :)

Answer 31

OMG THANKK YOUU LET ME SEE IF ITS CORRECT HOPING IT IS!

Answer 32

Yes it correct thank you so much @Skip2mylou426 :D

Answer 33

You're welcome!