fayes bank charges her a $2.25 service fee every time she uses an out - of - network atm. if faye uses an…

fayes bank charges her a $2.25 service fee every time she uses an out - of - network atm. if faye uses an out - of - network atm twice a week, how much money does she pay in service fees every year?\na. $240.25\nb. $225.00\nc. $200.75\nd. $234.00\nplease select the best answer from the choices provided

fayes bank charges her a $2.25 service fee every time she uses an out - of - network atm. if faye uses an out - of - network atm twice a week, how much money does she pay in service fees every year?\na. $240.25\nb. $225.00\nc. $200.75\nd. $234.00\nplease select the best answer from the choices provided

Answer

Answer:

B. $225.00

Explanation:

Step1: Calculate weekly fees

$2.25\times2 = 4.5$

Step2: Calculate yearly fees

There are 50 weeks in a year for this - type of calculation (a common approximation in simple financial - time calculations). $4.5\times50=225$