123 Savings and Loan charges a monthly fee of $8 on checking accounts and an overdraft protection fee of $33. Neela's check register showed she had a balance of $456 when she wrote a check for $312. Three days later she realized her check register had an error and she actually only had $256, so she transferred $250 into her checking account. The next day, her monthly account statement was sent to her. What was the balance on her statement?
$

Question

17-08-2022
Mathematics

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123 Savings and Loan charges a monthly fee of $8 on checking accounts and an overdraft protection fee of $33. Neela's check register showed she had a balance of $456 when she wrote a check for $312. Three days later she realized her check register had an error and she actually only had $256, so she transferred $250 into her checking account. The next day, her monthly account statement was sent to her. What was the balance on her statement?
$

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-08-19T20:21:51+02:00

If she transferred $250 into her checking account. The next day, her monthly account statement was sent to her. The balance on her statement is: $153.

Balance on her statement

First step is to calculate the overdraft charge

Overdraft charge=(256 - 312) -33-8

Overdraft charge= -56 - 33-8

Overdraft charge = -97

Second step is to calculate the balance on her statement

Balance on her statement=-97 + 250

Balance on her statement = $153 balance

Therefore If she transferred $250 into her checking account. The next day, her monthly account statement was sent to her. The balance on her statement is: $153.

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