Question

9) Kings Field Bank charges a monthly maintenance fee of $12 and a check

Answer 1

Based on the monthly maintenance fee and the check writing fee, the total fees paid would be $166.96

Total fees paid

Alyssa will pay a total fee of:

= Yearly maintenance fee + Check writing fee

= (Monthly maintenance fee x Number of months) + (Number of checks x Check writing fee)

Solving gives:

= (12 x 12) + (287 x 0.08)

= 144 + 22.96

= $166.96

In conclusion, the total fees was $166.96.

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