U ILLIU
5. Jill has not been able to maintain the $1,000
Number of
minimum...
Mathematics, 23.09.2020 14:01 superfly903
U ILLIU
5. Jill has not been able to maintain the $1,000
Number of
minimum balance required to avoid fees on
Checks on
her checking account. She wants to switch to a
Month Statement
different account with a fee of $0.20 per check
May
14
and a $12.50 monthly maintenance fee. Jill
wants to estimate the fees for her new account.
June
19
To the right is a summary of the checks she has July
23
written from May to August.
August
a. What is the mean number of checks Jill
wrote per month during the last 4 months?
b. Based on the mean, estimate how much Jill expects to pay in per-check fees
each month after she switches to the new account.
c. Estimate the total monthly fees Jill will pay each month for the new
checking account.
Answers: 2
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