You have automatic deposit of your monthly paycheck which, after normal expenses, maintains your balance of $6,350 in your check

Question

3 years ago

11

You have automatic deposit of your monthly paycheck which, after normal expenses, maintains your balance of $6,350 in your check

ing account. The account earns 2.5% interest per month. Every month you have an automatic repeat transfer of $150 from your checking account into your $34,500 savings account. If you do not pay any money out of your checking account until after the transfer, will the interest in your checking account cover the transfer?

Mathematics

1 answer:

olya-2409 [2.1K] · Answer 1 · 2022-03-16T02:51:35+03:00

olya-2409 [2.1K]3 years ago

4 0

Answer:

Yes

Step-by-step explanation: