Question

@surjithayer @cronus8992

Answer 1

Ramon's checking account requires that he maintain a minimum balance of $2000 to avoid a monthly service fee, and his balance at the beginning of this month was $2183.62. If Ramon's transactions so far this month have been a direct deposit of $562.56 on the 3rd of the month, a check written by Ramon on the 6th of the month to his landlord for $750 that cleared the next day, and a cash deposit of $100 on the 9th of the month, has Ramon been able to avoid the monthly service fee?

A. No, because his lowest balance so far this month has been $1996.18.
B. No, because his highest balance so far this month has been $2746.18.
C. Yes, because his highest balance so far this month has been $2746.18.
D. Yes, because his lowest balance so far this month has been $1996.18.

Answer 2

B, becuase his balance starting out was 2183.52 plus the 562.56 deposit - the 750 rent, yes he does put 100 dollars in to correct it, but he already went past his limit