Azmirs checking account pays 0.75% intrest monthly and has $7.50 service fee. if his balance last month was $825 find the amount of debit or credit to his account after intrest and the service fee are both applied

Question

Mathematics

Orlando Young

25 May, 08:36

Azmirs checking account pays 0.75% intrest monthly and has $7.50 service fee. if his balance last month was $825 find the amount of debit or credit to his account after intrest and the service fee are both applied

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Answers (1)

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Jenkins · Answer 1

Hi there

0.75% interest of 825

Interest=825*0.0075=6.19

Service fee=7.5

Net=interest-service fee

Net=7.50-6.19=+1.31

Credit of + 1.31

Good luck!