elizabeth has $252.00 in her account on sunday. over the next week, she makes the following changes to her…

elizabeth has $252.00 in her account on sunday. over the next week, she makes the following changes to her balance via deposits and purchases:\n| day | debit ($) | credit ($) |\n| ---- | ---- | ---- |\n| monday | 114.60 | 150.00 |\n| tuesday | 79.68 | -- |\n| wednesday | 161.39 | -- |\n| thursday | 57.40 | -- |\n| friday | 22.85 | 75.00 |\n| saturday | 140.55 | -- |\non what day does elizabeth first get charged an overdraft fee?\na. wednesday\nb. thursday\nc. friday\nd. saturday

elizabeth has $252.00 in her account on sunday. over the next week, she makes the following changes to her balance via deposits and purchases:\n| day | debit ($) | credit ($) |\n| ---- | ---- | ---- |\n| monday | 114.60 | 150.00 |\n| tuesday | 79.68 | -- |\n| wednesday | 161.39 | -- |\n| thursday | 57.40 | -- |\n| friday | 22.85 | 75.00 |\n| saturday | 140.55 | -- |\non what day does elizabeth first get charged an overdraft fee?\na. wednesday\nb. thursday\nc. friday\nd. saturday

Answer

Explanation:

Step1: Calculate balance on Monday

Initial balance is $252.00$. Debit on Monday is $114.60$ and credit is $150.00$. New balance = $252 - 114.60+150=287.40$.

Step2: Calculate balance on Tuesday

Balance on Tuesday = $287.40 - 79.68 = 207.72$.

Step3: Calculate balance on Wednesday

Balance on Wednesday = $207.72-161.39 = 46.33$.

Step4: Calculate balance on Thursday

Balance on Thursday = $46.33 - 57.40=-11.07$. Since the balance is negative on Thursday, this is the first - day she gets an overdraft fee.

Answer:

b. Thursday