if the bank charges dominic an overdraft fee of $25 every time he overdraws his account, and dominic over…

if the bank charges dominic an overdraft fee of $25 every time he overdraws his account, and dominic over drew his account on thursday but not on saturday, which of the following is a possible amount of money that dominic could have had in his account last sunday? assume that the only debits and credits not listed are overdraft fees.\na. $500\nb. $480\nc. $435\nd. $400\nday\tdebit ($)\tcredit ($)\nmonday\t158\t--\ntuesday\t69\t44\nwednesday\t175\t--\nthursday\t131\t38\nfriday\t--\t53\nsaturday\t22\t14

if the bank charges dominic an overdraft fee of $25 every time he overdraws his account, and dominic over drew his account on thursday but not on saturday, which of the following is a possible amount of money that dominic could have had in his account last sunday? assume that the only debits and credits not listed are overdraft fees.\na. $500\nb. $480\nc. $435\nd. $400\nday\tdebit ($)\tcredit ($)\nmonday\t158\t--\ntuesday\t69\t44\nwednesday\t175\t--\nthursday\t131\t38\nfriday\t--\t53\nsaturday\t22\t14

Answer

Explanation:

Step1: Calculate total debits

Sum up all debit amounts: $158 + 69+175 + 131+22=$555$

Step2: Calculate total credits

Sum up all credit amounts: $44 + 38+53 + 14=$149$

Step3: Consider overdraft fee

Dominic over - drew on Thursday but not on Saturday. Let the initial amount be $x$. The balance after all transactions (including the $25$ - dollar overdraft fee) must be non - negative on Saturday. The balance $B=x + 149-555 - 25=x - 431\geq0$. So $x\geq431$.

Answer:

C. $435$