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?

Question

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.