Javier had $305 in his bank account. His bank charges a fee of $7.50 each month that a balance is below $500.

Question

If he makes no other deposits or withdrawals, how much money is in Javier’s account at the end of three months?

Answer 1

At the end of the first month, Javier's account balance will be $305 - $7.50 = $<<305-7.5=297.5>>297.50.
At the end of the second month, his account balance will be $297.50 - $7.50 = $<<297.5-7.5=290.00>>290.00.
At the end of the third month, his account balance will be $290.00 - $7.50 = $<<290-7.5=282.50>>282.50. Answer: \boxed{282.50}.