Your local bank offers free checking for accounts with a balance of at least $500 suppose you have a balance of $516.46 and you write a check for $31.96. how much do you need to deposit to avoid being charged a service fee? and show work.

I will have to deposit $15.50 to avoid charges

Step-by-step explanation:

Checking accounts are accounts that allows withdraw and deposit. But accessing the account requires checks.

The local bank offers free checking to accounts with at least balance of $500.Suppose I have a balance of $516. 46 and I want to write a check of $31.96, to avoid charges  I will have to deposit :

$516. 46 - $500 = $16.46

$16.46 is the extra money available to avoid charges but since I want to check more than that I will deposit $15. 50 to evade charges.

$31.96 - $16.46 = $15.50

depositing $15. 50 will make the extra money as $31.96 . so when I withdraw $31.96 , I won't be charged because my balance will be at least $500.

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