Jerry's Bank Charges 1

question 8

Multiple Choice

Jerry's Bank charges 1.3% per month on the average daily balance as well as the following special fees.
Cash advance fee: 2.5% {minimum of $2 and maximum of $10}
Late payment fee: $30
Over the credit limit fee: $35
One month Jerry was on vacation and did not get his account payment in on time and also went
Over the credit limit. He also used his card for 7 $150 cash advances. His average daily balance was
$3200 for the month. Find the total of all charges which will be on his account next month.

• A)$102.85
• B)$120.25
• C)$132.85
• D)$171.25

---

Definitions:

Superficial Palmar Arch

An arterial network in the palm of the hand that supplies blood to the fingers.

Subclavian Artery

A major artery located beneath the clavicle that supplies blood to the upper limbs, neck, and brain.

Brachial Artery

The major blood vessel of the upper arm, responsible for supplying oxygenated blood to the arm and hand.

Ulnar Artery

A major artery of the forearm that runs along the ulna bone and supplies blood to the forearm and hand.