# math

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Determine the annual net cost of these checking accounts: a. Monthly fee \$ 4, check- processing fee of 20 cents, average of 23 checks written per month b. Annual interest of 2.5 percent paid if balance exceeds \$ 750, \$ 8 monthly fee if account falls below minimum balance, average monthly balance \$ 815, account falls below \$ 750 during four months

• math -

A is \$103.20 but as for B the question doesn't make sense because there isn't enough information. Is \$750 the minimum balance? Is the account below \$750 at the time that he would be available for the annual interest?

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