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

1 answer

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.