Question

Suppose you and your father went to withdraw money from an ATM machine. Your father’s account has AED 35,756 and he is supposed to keep AED 4000 in the account and can withdraw the rest.

(a) What is the amount that he can withdraw?
(b) While entering the amount if he enters 6 in thousands place instead of the actual digit, what is the amount he has entered?
(c) Will he be able to withdraw? Why?

Answer 1

5000 AED is the typical max limit for most banks.

Explanation:

5000 AED is the typical max limit for most banks. A few would allow you to withdraw up to 8000, if you use the ATM machines of the bank that issued the card. So, 3500 AED shouldn't be a problem.