Your checking account balance is $225. You received a "bounced" check and your bank has charged you a penalty fee of $35. What percent of your balance did the penalty cost you?

Question

Allie Atkins

Mathematics

21 June, 16:44

Your checking account balance is $225. You received a "bounced" check and your bank has charged you a penalty fee of $35. What percent of your balance did the penalty cost you?

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Casey Barnes · Answer 1

15.56%

Step-by-step explanation: Your checking account balance is $225. You received a "bounced" check and your bank has charged you a penalty fee of $35. Hence, the penalty cost 15.56% of your balance