Answer:
I will have to deposit $15.50 to avoid charges
Step-by-step explanation:
Checking accounts are accounts that allows withdraw and deposit. But accessing the account requires checks.
The local bank offers free checking to accounts with at least balance of $500.Suppose I have a balance of $516. 46 and I want to write a check of $31.96, to avoid charges I will have to deposit :
$516. 46 - $500 = $16.46
$16.46 is the extra money available to avoid charges but since I want to check more than that I will deposit $15. 50 to evade charges.
$31.96 - $16.46 = $15.50
depositing $15. 50 will make the extra money as $31.96 . so when I withdraw $31.96 , I won't be charged because my balance will be at least $500.