28
QuizMultiple Choice

Using a Debit Card

Question 28 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Dominic is looking over his spending pattern for the past week to try to determine how much money he had on Sunday. This is Dominic’s spending pattern:DayDebit ($)Credit ($)Monday158---Tuesday6944Wednesday175---Thursday13138Friday---53Saturday2214If the bank charges Dominic an overdraft fee of $25 every time he overdraws his account, and Dominic overdrew his account on Thursday but not on Saturday, which of the following is a possible amount of money that Dominic could have had in his account last Sunday? Assume that the only debits and credits not listed are overdraft fees.

Answer
A
$500
B
$480
C
$435
D
$400

Explanation

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.

AI-written and checked against the verified answer.

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