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 mad

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.

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Thu Cúc 5 years 2021-08-31T12:08:53+00:00 1 Answers 48 views 0

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  1. ThanhThu
    0
    2021-08-31T12:10:29+00:00
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    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

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