bobs bank charges him a $3.15 service fee every time he uses an out - of - network atm. if bob uses an out…

bobs bank charges him a $3.15 service fee every time he uses an out - of - network atm. if bob uses an out - of - network atm an average of three times every two weeks, how much will he pay in service fees over the course of a year? a. $327.60 b. $109.20 c. $491.40 d. $245.70

bobs bank charges him a $3.15 service fee every time he uses an out - of - network atm. if bob uses an out - of - network atm an average of three times every two weeks, how much will he pay in service fees over the course of a year? a. $327.60 b. $109.20 c. $491.40 d. $245.70

Answer

Explanation:

Step1: Calculate number of 2 - week periods in a year

There are 52 weeks in a year. So the number of 2 - week periods is $\frac{52}{2}= 26$.

Step2: Calculate total number of out - of - network ATM uses in a year

Bob uses an out - of - network ATM 3 times every 2 weeks. So in a year, he uses it $3\times26 = 78$ times.

Step3: Calculate total service fees in a year

The service fee per use is $3.15. So the total service fees for the year is $3.15\times78=245.7$.

Answer:

d. $$245.70$