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Evelyn during one month had 63 online transactions and 4 e-mail money transfers. Evelyn's monthly balance fell below \$2000 various times during the month. What were her service charges for that month? The account information is given below

Up to 20 online transactions for \$9.50 per month and \$0.50 for each transaction over 20

\$3.50 for each e-mail transfer

online transactions are free if a minimum balance of \$2000 is kept for the entire month

May 7, 2018
edited by Sierra_Dawn  May 7, 2018

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Since Evelyn violated her agreement of maintaining a balance of \$2,000 for the entire month, she therefore will get charged for all the online and e-mail transactions.

She will pay \$9.50 for the first 20 online transactions.

63 - 20 =43 transactions for which she will pay \$0.50 for each

43 x \$0.50 =\$21.50

4 x \$3.50   =\$14.00 - charges for e-mail transfers.

\$9.50 + \$21.50 + \$14.00 =\$45.00 total charges for the month that Evelyn will have to pay.

May 7, 2018