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17 November, 08:00

Lin's sister has a checking account. If the account balance ever falls below zero, the bank charges her a fee of $5.95 per day. Today, the balance in Lin's sister's account is - $2.67.

1. If she does not make any deposits or withdrawals, what will be the balance in her

account after 2 days?

2. In 14 days, Lin's sister will be paid $430 and will deposit it into her checking account.

If there are no other transactions besides this deposit and the daily fee, will Lin

continue to be charged $5.95 each day after this deposit is made? Explain or show

your reasoning.

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Answers (1)
  1. 17 November, 08:27
    0
    Answer: 1. - $14.57

    2. No because after paying her fee she still has about $344 left
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