Your local bank offers free checking for accounts with a balance of at least $500. Suppose you have a balance of $516.46 and you write a check for $31.96. How much do you need to deposit to avoid being charged a service fee?

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Sanaa Hinton · Accepted Answer

Step 1First, we need to find your balanced after writing the check:      $    516.46    -    $    31.96    =    $    484.50  Now to find out how much you need to deposit we need to determine how much under $500 your bank account balance is. We do this by subtracting your current balance from $500:      $    500.00    -    $    484.50    =    $    15.50  You need to deposit at least                     $        15.50             to avoid being charged a service fee.

Your local bank offers free checking for accounts with a

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