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10 September, 10:14

Mike's checking account pays 0.5% interest monthly and has a $7.50 service fee. If Mike's balance last month was $1423, find the amount of credit or debit to his account after interest and service fee are both applied.

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  1. 10 September, 14:11
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    (1,423*0.005) - 7.50

    =-0.385 debit
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