Question

Chris pays a fee if the bank balance falls below $10 on the statement dae. Prior to the statement date her balance was -3.46. Then Chris made a deposit (d) in time so she does not have to pay the fee.

Answer 1

Answer:

Kindly check explanation

Step-by-step explanation:

Given that :

Balance prior to statement date = - 3.46

Minimum bank balance to avoid penalty = $10

The amount of deposit, d made in time in other to avoid penalty fee?

Minimum amount that most have been deposited, d :

Balance prior to statement + d ≥ minimum bank balance to avoid penalty

-3.46 + d ≥ 10

d ≥ 10 + 3.46

d ≥ 13.46

Hence, the minimum amount that must have been deposited to avoid penalty is 13.46