elizabeth has $252.00 in her account on sunday. over the next week, she makes the following changes to her…

elizabeth has $252.00 in her account on sunday. over the next week, she makes the following changes to her balance via deposits and purchases:\n| day | debit ($) | credit ($) |\n| monday | 114.60 | 150.00 |\n| tuesday | 79.68 | --- |\n| wednesday | 161.39 | --- |\n| thursday | 57.40 | --- |\n| friday | 22.85 | 75.00 |\n| saturday | 140.55 | --- |\non what day does elizabeth first get charged an overdraft fee?\n a. wednesday\n b. thursday\n c. friday\n d. saturday

elizabeth has $252.00 in her account on sunday. over the next week, she makes the following changes to her balance via deposits and purchases:\n| day | debit ($) | credit ($) |\n| monday | 114.60 | 150.00 |\n| tuesday | 79.68 | --- |\n| wednesday | 161.39 | --- |\n| thursday | 57.40 | --- |\n| friday | 22.85 | 75.00 |\n| saturday | 140.55 | --- |\non what day does elizabeth first get charged an overdraft fee?\n a. wednesday\n b. thursday\n c. friday\n d. saturday

Answer

Explanation:

Step1: Calculate Monday's balance

Starting with $252.00, subtract Monday's debit of $114.60 and add the credit of $150.00. So, $252 - 114.60+150=287.40$.

Step2: Calculate Tuesday's balance

Take Monday's balance of $287.40$ and subtract Tuesday's debit of $79.68$. So, $287.40 - 79.68 = 207.72$.

Step3: Calculate Wednesday's balance

Take Tuesday's balance of $207.72$ and subtract Wednesday's debit of $161.39$. So, $207.72-161.39 = 46.33$.

Step4: Calculate Thursday's balance

Take Wednesday's balance of $46.33$ and subtract Thursday's debit of $57.40$. So, $46.33-57.40=-11.07$. Since the balance is negative on Thursday, this is the first - day she would get an overdraft fee.

Answer:

b. Thursday