Question

Susie Smith wants to know the amount by which her service charge has increased before she receives her bank statement. In the past, the service charge has been $5.00. Her previous balance was $619.83. She had $398.50 in deposits, $471.63 in withdrawals, and $2.50 in interest earned. If her present balance is $540.70, by how much amount did her service increase?

Answer 1

Answer: 5 percent

Explanation:

dd it all together and then divide it by 5

Answer 2

Explanation:

In the past, the service charge has been $5.00.

Her previous balance was $619.83.

Her total deposits was $398.50

Her total withdrawal was $471.63

Total interest earned was $2.50

Total income = 398.50 + 2.50 = $401

Her balance = (619.83 + 401) - 471.63 = 549.2

If her present balance is $540.70, it means that the service charge is

549.2 - 540.70 = 8.5

Since her previous service charge was $5, the amount by which her service charge increased would be

8.5 - 5 = $3.5