Question

Javier had $305 in his bank account. His bank charges a fee of $7.50 each month that a balance is below $500. If he makes no other deposits or withdrawals, how much money is in Javier’s account at the end of three months?

Answer 1

7.50*3 = 22.50
305 - 22.50 = 282.50

Answer 2

Answer: $\ 282.5$

Step-by-step explanation:

Given : Javier had $305 in his bank account.

His bank charges a fee of $7.50 each month that a balance is below $500.

If he makes no other deposits or withdrawals, then the amount of deductions  in Javier’s account at the end of three months will be :-

$\ 7.50\times3=\ 22.5$

Now, the amount of money in Javier’s account at the end of three months :-

$\ 305-\ 22.5=\ 282.5$