2. The bank requires a minimum balance of $50 in the savings account. It does not matter how much money is kept in the checking account.
If the customer deposits no money in the checking account but is able to maintain both accounts without penalty, what can you say about the amount deposited in the savings account?
If the customer is able to maintain both accounts without penalty and does not deposit any money in the checking account, it means that the customer must have at least the minimum balance of $50 in the savings account.
Based on the given information, the customer can maintain both accounts without penalty as long as the savings account has a minimum balance of $50. Therefore, it means that the customer must have deposited at least $50 in the savings account.
To determine the amount deposited in the savings account, we need to consider the given information.
The bank requires a minimum balance of $50 in the savings account, which means the customer must deposit at least $50 or more in the savings account to meet the requirement.
If the customer is able to maintain both accounts without penalty, it implies that the total amount in the two accounts is equal to or above the minimum balance required for the savings account, which is $50.
However, since the question states that the customer deposits no money in the checking account, the amount deposited in the savings account must still be at least $50 in order to maintain both accounts without penalty.
Therefore, we can say that the customer must have deposited at least $50 in the savings account.