A financial institution offered you free checking accounts if you keep at least a
1,000 balance in your account.If your balance falls below 1,000 there's a 7.50
monthly fee and a 0.25 charge per check written.
If your balance is below 1,000 this month and you've
written five checks, what will the bank charge you for
the month?
7.50
6.25
1.25
8.75