Question

Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice a week, how much money does she pay in service fees every year?
a.
$240.25
b.
$225.00
c.
$200.75
d.
$234.00

Answer 1

To calculate the total service fees Faye pays in a year for using an out-of-network ATM, we need to determine how many times she uses the ATM in a year and then multiply that by the service fee per use.

Faye uses the out-of-network ATM twice a week.

1. Calculate the number of weeks in a year:
- 52 weeks

2. Calculate the total number of times she uses the ATM in a year:
\[
2 \text{ uses/week} \times 52 \text{ weeks} = 104 \text{ uses/year}
\]

3. Calculate the total service fees for the year:
\[
104 \text{ uses} \times \$2.25 \text{ per use} = \$234.00
\]

Therefore, the total amount Faye pays in service fees every year is **$234.00**.

The correct answer is **d. $234.00**.