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Azmirs checking account pays .75% interest monthly fee and has a $7.50 service fee. if azmirs balance last month was $825, find the amount of credit or debit to his account after interest and service fear both applied.

Respuesta :

Answer: Total amount of credit or debit to his account after interest and service fear both applied is $811.3125.

Explanation:

Since we have given that

Total balance in Azmir's  account last month=$825

0.75% interest for monthly fee which is given by

[tex]0.75\%\text{ of }825\\\\\frac{0.75}{100}\times 825\\\\=0.0075\times 825\\\\=\$6.1875[/tex]

Now, his balance becomes

[tex]825-6.1875=\$818.8125[/tex]

Now, he has service fee of $7.50 , it will also deduct from it , which is given by

[tex]818.8125-7.50=\$811.3125[/tex]

Hence, total amount of credit or debit to his account after interest and service fear both applied is $811.3125.

Answer:

Debit of $1.31

Step-by-step explanation:

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