if the bank charges ted an overdraft fee of $25 every time he overdraws his account, and ted over drew his…

if the bank charges ted an overdraft fee of $25 every time he overdraws his account, and ted over drew his account on wednesday but not on friday, which of the following is a possible amount of money that ted could have had in his account last sunday? assume that the only debits and credits not listed are overdraft fees. a. $300 b. $280 c. $240 d. $200 day debit ($) credit ($) monday 112 -- tuesday 141 18 wednesday 56 -- thursday 28 70 friday 22 42 saturday 16 88

if the bank charges ted an overdraft fee of $25 every time he overdraws his account, and ted over drew his account on wednesday but not on friday, which of the following is a possible amount of money that ted could have had in his account last sunday? assume that the only debits and credits not listed are overdraft fees. a. $300 b. $280 c. $240 d. $200 day debit ($) credit ($) monday 112 -- tuesday 141 18 wednesday 56 -- thursday 28 70 friday 22 42 saturday 16 88

Answer

Explanation:

Step1: Calculate net - debits and credits for each day

Let the initial amount on Sunday be $x$. On Monday: Balance = $x - 112$. On Tuesday: Balance = $x-112 - 141+18=x - 235$. On Wednesday: Balance = $x - 235-56=x - 291$. Since there is an overdraft on Wednesday, $x - 291<0$. On Thursday: Balance = $x - 291-28 + 70=x - 249$. On Friday: Balance = $x - 249-22 + 42=x - 229$. Since there is no overdraft on Friday, $x - 229\geq0$. On Saturday: Balance = $x - 229-16 + 88=x - 157$.

Step2: Set up inequalities based on overdraft conditions

From the Wednesday overdraft: $x-291<0$, which implies $x < 291$. From the non - Friday overdraft: $x - 229\geq0$, which implies $x\geq229$.

Answer:

C. $240$