Question

question 22
1.9 pts
suppose your bank charges you a monthly fee of $8.00 plus 15 cents for each check you write. if you write three checks every month, how much will you pay your bank in fees over the course of one year?

Explanation:

Step1: Calculate monthly check fee

Each check is 15 cents, 3 checks: $3\times0.15 = 0.45$ dollars.

Step2: Calculate total monthly fee

Monthly base fee + check fee: $8 + 0.45 = 8.45$ dollars.

Step3: Calculate annual fee

1 year = 12 months: $8.45\times12 = 101.4$ dollars.

Answer:

101.4 dollars