Ursula has a bank account balance of $60.Her bank charges a fee of $34 for each overdraft. She makes a purchase of $25.17 today, and purchases of $45.76 and $24.36 tomorrow.
What is her account balance after the bank applies the overdraft fees?
−$104.58
−$69.29
−$103.29
−$35.29
60-25.17-(45.76+34)-(24.36+34)=?
-69.29
To calculate Ursula's account balance after the bank applies the overdraft fees, we need to subtract the fees from her initial balance.
1. Start with Ursula's initial balance of $60.
2. She makes a purchase of $25.17, so subtract this amount from her balance: $60 - $25.17 = $34.83.
3. Since this balance is negative, it means she overdrafted her account. In this case, the bank will charge a fee of $34. Subtract the fee from her balance: $34.83 - $34 = $0.83.
4. Tomorrow, Ursula makes two more purchases. Subtract the first purchase of $45.76 from her balance: $0.83 - $45.76 = -$44.93.
5. Again, her balance is negative and she overdrafted, so the bank will charge another fee of $34. Subtract the fee: -$44.93 - $34 = -$78.93.
6. Now subtract the second purchase of $24.36 from her balance: -$78.93 - $24.36 = -$103.29.
Therefore, Ursula's account balance after the bank applies the overdraft fees is -$103.29. So the correct answer is - $103.29.