BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Bellrose Bank charges a monthly maintenance fee of $17 and a check-writing fee of$0.05 per check. Last year, Patricia wrote 445 checks from her account at Bellrose. What was the total of all fees she paid on that account last year? 226.25 o n f e e s t o h e r b a n k l a s t y e a r .

Detailed explanation-2: -Why do banks charge monthly maintenance fees? Financial institutions are for-profit businesses and need to make money to survive. Monthly maintenance fees contribute to this profit and help cover operating costs.

Detailed explanation-3: -A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for working with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you’ll pay the fee no matter what. But many banks let you waive the fee if you meet certain requirements.

Detailed explanation-4: -Queens Meadow Bank charges a monthly maintenance fee of $13 and a check writing fee of$0.07 per check. Last year, Mark wrote 289 checks from his account at Queens Meadow. What was the total of all fees he paid on that account last year?