Shakira has a balance of $202.86 in her checking account on Saturday morning. She uses her debit card to pay her cell phone bill of $80.73 over the phone. She then picks up her dry cleaning, dog food at the pet store and groceries for debits of $16.89, $35.24, and $113.92. Shakira’s bank uses a balance system of deducting highest transactions first. The bank will not return amounts up to a total of $50 in overdraft, but they do charge a fee for each overdraft. How many overdraft fees will Shakira incur

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jepessoa jepessoa · Answer 1 · 2020-07-15T04:25:48+02:00

Answer:

Shakira's bank will charge her 2 overdraft fees for purchasing dog food and her dry cleaning bill.

Explanation:

Shakira's initial balance $202.86

- groceries $113.92

balance = $88.94

- cell phone bill $80.73

balance = $8.21

- dog food $35.24

balance = $27.03 ⇒ OVERDRAFT 1

- dry cleaning $16.89

balance = $43.92 ⇒ OVERDRAFT 2

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adioabiola adioabiola · Answer 2 · 2022-03-23T22:19:39+01:00

The number of overdrafts incurred by Shakira is: Two overdrafts.

According to the question;

Hence, upon the cell phone payment and the groceries debit which are first deducted;

Hence; The other debits result in an overdraft as follows;