Question

Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice a week, how much money does she pay in service fees every yea

Answer 1

She pays $234 per year.

Explanation:

Faye pays a $2.25 service fee every time she uses an out-of-network ATM. If she uses an out-of-network ATM twice a week, each week she pays:

($2.25/time) × (2 times/ 1 week) = $4.50/week

There are 52 weeks every year. Then, she pays per year:

($4.50/week) × (52 week/ 1 year) = $234/year

She pays $234 per year.