If your bank charges an out-of-network service fee of $3.00, and you withdraw $20 from each of three out-of-network ATMs, how much money in total will be removed from your account?

a.
$60
b.
$63
c.
$69
d.
$120

1 answer

To calculate the total amount that will be removed from your account, you need to consider both the amount you withdraw and the out-of-network service fees.

  1. Amount withdrawn from ATMs:
  • You withdraw $20 from each of three ATMs: \( 3 \times 20 = 60 \)
  1. Out-of-network service fees:
  • The bank charges a fee of $3.00 for each of the three withdrawals: \( 3 \times 3 = 9 \)
  1. Total amount removed from your account:
  • Combine the total amount withdrawn and the total fees: \( 60 + 9 = 69 \)

Therefore, the total money removed from your account will be $69.

The answer is c. $69.