Question

Javier had $305 in his bank account. His bank charges a fee of $7.50 each month that a balance is below $500. If he makes no other deposits or withdrawals, how much money is in Javier’s account at the end of three months?

Answer 1

To find the fee for three weeks, we need to multiply the fee for one week by 3.
7.50 * 3 = 22.5
Subtract:
305 - 22.5 = 282.5
Javier will have $282.50