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Sagot :
To determine the fee Orrin will incur after writing a check to his landlord, we need to follow these steps:
1. Start with Orrin's initial checking account balance: [tex]$541.06. 2. Subtract the amount of the check written to the landlord from the initial balance: $[/tex]560.00.
[tex]\[ \text{New Balance} = \text{Initial Balance} - \text{Check Amount} \][/tex]
3. Perform the subtraction:
[tex]\[ \text{New Balance} = 541.06 - 560.00 \][/tex]
4. After performing the subtraction, the new balance is:
[tex]\[ \text{New Balance} = -18.94 \][/tex]
5. A negative balance indicates that Orrin's account is overdrawn. When an account is overdrawn, typically an overdraft fee is applied by the bank.
Therefore, the fee Orrin will incur is:
- Option A: Overdraft fee
1. Start with Orrin's initial checking account balance: [tex]$541.06. 2. Subtract the amount of the check written to the landlord from the initial balance: $[/tex]560.00.
[tex]\[ \text{New Balance} = \text{Initial Balance} - \text{Check Amount} \][/tex]
3. Perform the subtraction:
[tex]\[ \text{New Balance} = 541.06 - 560.00 \][/tex]
4. After performing the subtraction, the new balance is:
[tex]\[ \text{New Balance} = -18.94 \][/tex]
5. A negative balance indicates that Orrin's account is overdrawn. When an account is overdrawn, typically an overdraft fee is applied by the bank.
Therefore, the fee Orrin will incur is:
- Option A: Overdraft fee
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