Question

Jim Tree writes a $40 check that is returned for "insufficient funds." His bank charges a $20 fee for an overdraft, and the company he wrote the check to charges $15. How much must Jim pay in total to clear up this situation?

Answer 1

I believe he would have to pay $35 to clear it all up because he got the original $40 back. Then he had to pay $20 to his bank, and $15 to the company.

20+15=35

Answer 2

40 + 20 + 15 = $75
The original check amount + bank overdraft fee + company fee