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14.4 charges and checks lins sister has a checking account. if the acco…

Question

14.4 charges and checks
lins sister has a checking account. if the account balance ever falls below zero, the bank
charges her a fee of $5.95 per day. today, the balance in lins sisters account is -$2.67.

  1. if she does not make any deposits or withdrawals, what will be the balance in her

account after 2 days?

Explanation:

Step1: Calculate total fees for 2 days

$\$5.95 \times 2 = \$11.90$

Step2: Add fees to negative balance

$-\$2.67 + (-\$11.90) = -\$14.57$

Answer:

$\boldsymbol{-\$14.57}$