my math

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True or false?
Intentionally writing a check on an account with insufficient funds is allowed under certain conditions.
I say false?

Ben Spender writes a \$50 check which is returned by his bank with additional charges. The company he wrote the check to, Art Supply Inc., also charges \$20 for returned checks, which of the following represents the amount Ben must have to balance his debts.
more than \$70, less than \$70, \$70.
I say \$70?

Find the interest due on \$800 at 12% for 120 days?
\$34.00, \$32.00, or \$30.00
I'm not sure how to figure this one out?
Thank you.

• my math -

The first is right.

The second is wrong.

The third:

800 * 0.12 = \$96

96/3 = \$32

This assumes a 360-day year.

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