Question

Brainlest + Points! Please show work!

Answer 1

Answer:

Option B - The income earned in one month is $5.50.

Step-by-step explanation:

Given : At River Bank, checking account customers earn 0.75% interest a month on their account balances, pay no service fees for writing checks, and pay a monthly $2.00 financial charge.

To find : The income earned in one month on the checking account for a customer with an account balance of $1,000.

Solution :

Account balance of customer=  $ 1,000

Interest earned in checking account= 0.75%

Financial charge= $2.00

Therefore, Income earned in one month on the checking account  is given by 0.75% of 1,000 - $2

i.e, $=\frac{0.75}{100}\times 1000 -2$

$=0.75\times 10 -2$

$=7.5 -2$

$=5.5$

So, Option B is correct.

The income earned in one month is $5.50.