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31 August, 12:15

Azmir's checking account pays 0.75% interest monthly and has a $7.50 service fee. If Azmir's balance last month was $825, find the amount of credit or debit to his account after interest and service fee are both applied.

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  1. 31 August, 12:57
    0
    We are given with a current balance of $825 and a 0.75% interest rate with an additional constant of $7.50 service fee. In this case, we are asked to determine the total debit. The formula is F = P (1 + in) + c where c is the constant fee, i is the interest and n is the number of months assuming n is equal to 1. F = 838.6875
  2. 31 August, 14:47
    0
    The answer is Debit of $1.31 hopes
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