Question

members 1st federal credit union charges a $27 per check overdraft protection fee. On March 8, you had $1,400 in your account. Over the next four days, you wrote checks for: March 9, $1,380.15, March 10 $670 and $95.67, March 11, $130 and March 12, $87.60. How much will you pay in overdraft protection fees? How much will you owe the bank after March 12?

Answer 1

Explanation:
The Bank charges $27 per check overdraft protection fee.
Balance on July 8= $1400
Check received July 9=$1380.15
Check received July 10=$670
Check received July 11=$130
Check received July 12=$87.60
Total amount in check received= $ (1380.15+670+130+87.60)=$2267.75
Check charges for 4 checks received=
4*$27=$108
1. Amount to pay on overdraft fee= $108
2. Amount she will owe the bank after July 12 will be;
$1400 + $2267.75 -$108 =$3559.75