Problema Solution
Your bank account was overdrawn by $14. You then were charged a $35 overdraft
fee. The bank applies a $5 fee for each day your account is over drawn. Your account
is overdrawn for 3 days when you deposit a check for $256. What is your account
balance after depositing the check? Will you have enough money to pay your $52
electric bill (assuming no other money is spent)?
Answer provided by our tutors
Total money payable to bank after charging of the overdraft free =(35+14) =$49
Total overdrawn Charge = (3*50 =$15
Total money payable to bank after 3 days of overdrawn = (15+49) =$64
So, account balance after depositing the check of $256 will be = ($256-64) =$192
As, remaning bank balance of $192 is greater than the electric bill of $52 so there will have enough money to pay the bill.