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8090 [49]
3 years ago
8

Kyle's checking account requires that he maintain a minimum balance of $3000 to avoid a monthly service fee, and his balance at

the beginning of this month was $3202.93. If Kyle's transactions so far this month have been a direct deposit of $436.37 on the 4th of the month, a check written by Kyle on the 7th of the month to his landlord for $650 that cleared the next day, and a cash deposit of $300 on the 10th of the month, has Kyle been able to avoid the monthly service fee?
Business
2 answers:
Crank3 years ago
7 0
C. No, because his lowest balance so far this month has been $2989.30 

<span>Start with 3202.93 and add 436.37 = 3639.30 </span>

<span>Then take 650 away (3639.30 - 650 = 2989.20) </span>

<span>It says that he must maintain a minimum of 3000 so when the check cleared he went below this amount. (just verified on apex)
</span><span>
</span>
mote1985 [20]3 years ago
7 0

Answer:

No, because his lowest balance so far this month has been $2989.30

Explanation:

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