Question

Evelyn has $524.96 in her checking account. She must maintain a $500 balance to avoid a fee. She wrote a check for $32.50 today. Write an inequality that would be used to solve for the least amount of money she needs to deposit to avoid a fee. 524.96 − 32.50 + x ≥ 500 524.96 − 32.50 + x ≤ 500 524.96 + 32.50 − x ≥ 500 524.96 + 32.50 − x ≤ 500

Answer 1

524.96 − 32.50 + x ≥ 500

Amount need to deposit = $7.54

Explanation:

Given:

Amount in checking account = $524.96

Maintain amount = $500

Amount of check = $32.50

Find:

Amount need to deposit

Computation:

Assume, amount need to deposit = x

So,

For avoiding fee

524.96 − 32.50 + x ≥ 500

x = 7.54

Amount need to deposit = $7.54