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\n○ a\n○ b\n○ c\n○ d

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\n○ a\n○ b\n○ c\n○ d

Answer

Explanation:

Step1: Calculate weekly service fee

Faye uses the ATM twice a week, and the fee per use is $2.25. The weekly fee is (2\times2.25 = 4.5) dollars.

Step2: Calculate annual service fee

There are 52 weeks in a year. The annual fee is (4.5\times52). [ \begin{align*} 4.5\times52&=(4 + 0.5)\times52\ &=4\times52+0.5\times52\ &=208 + 26\ &=234 \end{align*} ]

Answer:

D. $234.00