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21-09-2022
Business

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If your bank charges an out-of-network service fee of $3.00, and you withdraw $20 from each of three out-of-network atms, how much money in total will be removed from your account? a. $60 b. $63 c. $69 d. $120 please select the best answer from the choices provided a b c d

Answer :

23-09-2022

The correct option will be c. $69

Bank charges on an out-of-network atm = $3.00

Amount withdrew each time = $20

No. of times amount is withdrawn from out-of-service ATMs = 3 times

Therefore, total service charges paid for 3 withdrawals = 3*3 = $9

Total amount withdrawn for 3 withdrawals = 3*20 = $60

So, the total amount removed from the account will be sum total of the 3 withdrawal amounts and the service charge on the 3 withdrawals made = 60 + 9 = $69

Therefore, the total amount removed from the bank will be $69. Hence option c. will be the correct answer for the given question

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