Question

Lin's sister has a checking account. If the account balance ever falls below zero, the bank charges her a fee of $5.95 per day. Today, the balance in Lin's sister's account is -$2.67.
If she does not make any deposits or withdrawals, what will be the balance in her account after 2 days?
In 14 days, Lin's sister will be paid $430 and will deposit it into her checking account. If there are no other transactions besides this deposit and the daily fee, will Lin continue to be charged $5.95 each day after this deposit is made? Explain or show your reasoning.

Answer 1

Answer:

Her balance after two days will be -$14.57

No

Step-by-step explanation:

To calculate her balance u just subtract 2*5.95 from he beginning balance

And to know whether she will be charged after 14 days u have to calculate her balance after 14 days and if it's less than -430, then she will continue to be charged.

To calculate her balance after 14 days will be

-2.67 - 14(5.95) = -$ 85.97

And -$85.97 is greater than -$430. So she won't continue to be charged