Question

Anna has $274.00 in her account on sunday. over the next week, she makes the following changes to her balance via deposits and purchases: day debit ($) credit ($) monday 194.62 35.45 tuesday --- 11.20 wednesday 145.86 24.75 thursday 53.35 33.80 friday 31.60 45.77 saturday 12.90 61.63 on which day or days does anna get charged an overdraft fee? i. wednesday ii. thursday iii. friday
a. i only
b. i and ii
c. ii and iii
d. iii only

Answer 1

Overdrafts are charged when your  balance is negative, becuase it means the bank made a loan (an unexpected one) to you.

initial balance: $274

day                debit ($)     credit ($)          balance($)

monday          194.62        35.45              274.00 - 194.62 + 35.45 = 114.83
tuesday             ---             11.20              114.83 - 0 + 11.2 = 126.03
wednesday      145.86        24.75             126.03 - 145.86 + 24.75 = 4.92
thursday           53.35          33.80             4.92 - 53.35 + 33.8 = - 14.63
friday                31.60          45.77            -14.63 - 31.60 + 45.77 = -0.46
saturday           12.90          61.63            -0.46 - 12.90 + 61.63 =48.27

Thursaday anf Friday show a negative balance, then the answer is the option c: II and II. 

Answer 2

Answer:

he is saying C II and III

Step-by-step explanation: