Faye\u2019s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice a week, how much money does she pay in service fees every year?<\/p>\n\n\n\n
The correct answer and explanation is:<\/strong><\/mark><\/p>\n\n\n\n Correct Answer: $234.00<\/strong><\/p>\n\n\n\n Faye is charged a $2.25<\/strong> service fee every time<\/strong> she uses an out-of-network ATM. According to the problem, she uses such an ATM twice a week<\/strong>.<\/p>\n\n\n\n To calculate how much she pays per week<\/strong>: 2 uses\/week\u00d7$2.25\/use=$4.50\/week2 \\text{ uses\/week} \\times \\$2.25\/\\text{use} = \\$4.50\/\\text{week}<\/p>\n\n\n\n Now, there are 52 weeks<\/strong> in a year. To find out how much she pays in a year<\/strong>, multiply the weekly cost by the number of weeks in a year: $4.50\/week\u00d752 weeks\/year=$234.00\/year\\$4.50\/\\text{week} \\times 52 \\text{ weeks\/year} = \\$234.00\/\\text{year}<\/p>\n\n\n\n So, Faye pays $234.00 every year<\/strong> in service fees for using out-of-network ATMs.<\/p>\n\n\n\n Small fees that occur frequently can add up to a large yearly cost<\/strong>, often without the person realizing it. Faye might think that $2.25 isn’t much, but using an out-of-network ATM twice a week for an entire year<\/strong> quietly drains $234 from her account.<\/p>\n\n\n\n This scenario shows the importance of:<\/p>\n\n\n\n If Faye switched to using in-network ATMs<\/strong> or withdrew more money less often, she could potentially save $234 annually<\/strong> \u2014 enough to cover a utility bill, groceries, or a savings goal.<\/p>\n\n\n\n In conclusion, small, regular expenses like ATM fees can add up over time. Faye pays $234.00 a year<\/strong>, and being aware of this can help her make more cost-effective decisions.<\/p>\n","protected":false},"excerpt":{"rendered":" Faye\u2019s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice a week, how much money does she pay in service fees every year? The correct answer and explanation is: Correct Answer: $234.00 Explanation (300 words) Faye is charged a $2.25 service fee every […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23443","post","type-post","status-publish","format-standard","hentry","category-quiz-questions"],"_links":{"self":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/23443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/comments?post=23443"}],"version-history":[{"count":1,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/23443\/revisions"}],"predecessor-version":[{"id":23444,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/23443\/revisions\/23444"}],"wp:attachment":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/media?parent=23443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/categories?post=23443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/tags?post=23443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\nExplanation (300 words)<\/strong><\/h3>\n\n\n\n
\n\n\n\nWhy this matters<\/strong><\/h3>\n\n\n\n
\n
\n\n\n\nTip<\/strong><\/h3>\n\n\n\n