The total amount of money that was spent by Noel to cash her three (3) most recent paychecks is equal to $10.99.
What is a paycheck?
A paycheck can be defined as a financial document that is issued by an employer to an employee as payment for the work done over a period of time.
How to calculate the amount spent.
From the table, we can see that the amount of money charged by the bank as check processing fee is equal to $1.99, as well as 1.99% (0.0199) of the amount being cashed by a customer.
Thus, we would compute the amount of money spent by Noel as follows:
Noel = (0.0199 × 100.53) + (0.0199 × 119.38) + (0.0199 × 122.52) + (1.39 × 3)
Noel = 2.00 + 2.38 + 2.44 + 4.17
Noel = $10.99.
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