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1 answer:
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Answer: 15.56%
Step-by-step explanation:
Given : Your checking account balance is $225.
i.e. Account balance= $225
You received a “bounced” check and your bank has charged you a penalty fee of $35.
i.e.Penalty fee= $35
Now, the percent of your balance the penalty cost :-
Hence, the penalty cost 15.56% of your balance .