Teddy has an initial balance at the beginning of the month of $104.66. He deposits $210.00 and writes checks for $33.90, $56.11 and $75.00. He also withdraws $50 twice from the ATM, which has a surcharge of $1.50 per withdrawal. If his bank charges a service fee of $3.00 per month plus 25 cents per check, what will his balance be at the beginning of the following month? a) $75.00 b) $73.14 c) $32.87 d) $42.90

Teddy's bank balance at the beginning of the following month is $42.9 and this can be determined by using arithmetic operations.

Given :

Teddy has an initial balance at the beginning of the month of $104.66.
He deposits $210.00 and writes checks for $33.90, $56.11, and $75.00.
He also withdraws $50 twice from the ATM, which has a surcharge of $1.50 per withdrawal.
The Bank charges a service fee of $3.00 per month plus 25 cents per check.

The following steps can be used to determine the balance at the beginning of the following month:

Step 1 - Add $104.66 and $210.

= 104.66 + 210

= $314.66

Step 2 - Subtract $33.90, $56.11, and $75 from the above value.

= 314.66 - 33.9 - 56.11 - 75

= $149.65

Step 3 - Teddy withdraws $50 twice from the ATM therefore, subtract $50 twice from the above value.

= 149.65 - 2(50)

= $49.65

Step 4 - Now, subtract the amount of $1.50 per withdrawal from ATM.

= 49.65 - 2(1.50)

= $46.65

Step 5 - Subtract the service fee of $3.00 per month plus 25 cents per check.

= 46.65 - 3 - 3(.25)

= 43.65 - 0.75

= $42.9

His balance at the beginning of the following month is $42.9.

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https://brainly.com/question/20595275