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1 June, 13:49

10) Ridgewood Savings Bank charges a $27 per check overdraft protection fee. On July 8, Nancy had $1,400

in her account. Over the next four days, the following checks arrived for payment at her bank: July 9,

$1,380.15; July 10, $670 and $95.67; July 11, $130; and July 12, $87.60. How much will she pay in

overdraft protection fees? How much will she owe the bank after July 12?

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  1. 1 June, 14:10
    0
    1.$108

    2.$3559.75

    Step-by-step explanation:

    The Bank charges $27 per check overdraft protection fee.

    Balance on July 8 = $1400

    Check received July 9=$1380.15

    Check received July 10=$670

    Check received July 11=$130

    Check received July 12=$87.60

    Total amount in check received = $ (1380.15+670+130+87.60) = $2267.75

    Check charges for 4 checks received = 4*$27=$108

    1. Amount to pay on overdraft fee = $108

    2. Amount she will owe the bank after July 12 will be;

    $1400 + $2267.75 - $108 = $3559.75
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