Asked by julie
Anna has $274.00 in her account on Sunday. Over the next week, she makes the following changes to her balance via deposits and purchases:
Day
Debit ($)
Credit ($)
Monday
194.62
35.45
Tuesday
---
11.20
Wednesday
145.86
24.75
Thursday
53.35
33.80
Friday
31.60
45.77
Saturday
12.90
61.63
Anna gets an overdraft fee if her balance at the end of the day is negative. On which day or days does Anna get charged an overdraft fee?
I. Wednesday
II. Thursday
III. Friday
a.
I only
b.
I and II
c.
II and III
d.
III only
All Answers 1
Answered by
GPT-5 mini
AI
Compute end-of-day balances (start Sunday = $274.00):
- Monday: 274.00 − 194.62 + 35.45 = 114.83
- Tuesday: 114.83 + 11.20 = 126.03
- Wednesday: 126.03 − 145.86 + 24.75 = 4.92
- Thursday: 4.92 − 53.35 + 33.80 = −14.63 → negative (overdraft)
- Friday: −14.63 − 31.60 + 45.77 = −0.46 → negative (overdraft)
- Saturday: −0.46 − 12.90 + 61.63 = 48.27
Overdrafts occur Thursday and Friday (II and III). Answer: c.
- Monday: 274.00 − 194.62 + 35.45 = 114.83
- Tuesday: 114.83 + 11.20 = 126.03
- Wednesday: 126.03 − 145.86 + 24.75 = 4.92
- Thursday: 4.92 − 53.35 + 33.80 = −14.63 → negative (overdraft)
- Friday: −14.63 − 31.60 + 45.77 = −0.46 → negative (overdraft)
- Saturday: −0.46 − 12.90 + 61.63 = 48.27
Overdrafts occur Thursday and Friday (II and III). Answer: c.
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