My bank adds deposits to my bank account the day after I deposit them and automatically charges me $100 a month in service fees on the 25th of each month. At the end of July my Bank Balance was $50,000. My contractor, Margo, hasn't cashed her check yet fo

To calculate your bank balance at the end of July after accounting for the details you've provided, we follow these steps: 1. **Starting Balance (End of July)**: $50,000 2. **Check for Contractor**: Margo has not cashed her check for $2,000, so this amount is still considered part of your balance. 3. **Deposit Made on July 31**: You made a deposit of $500. However, since your bank adds deposits the day after you deposit them, this deposit will not be available until August 1st. 4. **Monthly Service Fee**: The service fee of $100 will be charged on the 25th of the month, so this will not affect July's balance yet. Now we calculate the balance for July: - Your bank balance remains $50,000 since the deposit ($500) is not yet available and the service fee ($100) will apply in August. Therefore, at the end of July, your bank balance is still **$50,000**. Now let's review your choices: - A. 51500 - B. 48400 - C. 47900 - D. 48500 None of these options match your current situation, but if you were to adjust for the service fee in August, your balance would be $50,000 - $100 = $49,900. Let me know if you need further clarification or if there are more details to consider!