Question

Bank A charges a $2 fee each time a customer withdraws money from an out-of-network ATM. They also charge a $12 monthly service fee. If your withdrawals at out-of-network ATMs exceed $12, the monthly service fee is waived.

Bank B does not charge a fee for withdrawing money from an out-of-network ATM, but instead charges a $20 monthly fee. Bank B also limits you to 10 free ATM withdrawals per month. After 10 ATM withdrawals, they automatically charge a one-time fee of $5, no matter how many ATM withdrawals you make.

You and a friend are on vacation. You bank with Bank A. You withdraw money from an out-of-network ATM 14 times. Your friend banks with Bank B. He withdraws money from an ATM 22 times.

Which statement below is true?

(1 point)
Responses

You paid $28 in bank fees. Your friend paid $30 in bank fees.
You paid $28 in bank fees. Your friend paid $30 in bank fees.

You paid $40 in bank fees. Your friend paid $25 in bank fees.
You paid $40 in bank fees. Your friend paid $25 in bank fees.

You paid $25 in bank fees. Your friend paid $28 in bank fees.
You paid $25 in bank fees. Your friend paid $28 in bank fees.

You paid $28 in bank fees. Your friend paid $25 in bank fees.
You paid $28 in bank fees. Your friend paid $25 in bank fees.

Answer 1

You paid $28. Your friend paid $25.

Work:
- Bank A: 14 withdrawals × $2 = $28. Monthly $12 is waived (more than 12 withdrawals), so total $28.
- Bank B: $20 monthly fee + $5 one-time over‑10 withdrawal charge = $25.