Question 66 • Financial Math - MA2007
Starting with $480, Dominic has $322 after Monday, $297 after Tuesday, and $122 after Wednesday. On Thursday, the $131 debit takes him to −$9, so he overdraws; after the $38 credit and $25 fee, he has $4. Friday’s $53 credit leaves $57, and Saturday’s $22 debit still leaves money in the account, so he does not overdraw. Thus, $480 is a possible starting amount.
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