Part B: Service Fee
If there is $3000 in your saving account and you the money with the Bank of Morneau and the service fee is as follows:
TAP: First 3 free, then $0.75/each ATM withdraw: $3.50 each time
In branch withdrawal: $2.50 each time
e-transfer: $1.50 each time
Cheque: $1.75 per cheque
If account has less than $2000 anytime, $25 charge
Kwok buys a Starbucks every morning, and he always TAP to pay for the drink. In February 2020, he wrote a cheque to pay for hydro, a cheque for insurance, a cheque for property tax, a cheque for his plumber and a cheque for heat. He also bought something from eBay and makes four e-transfers some money to the sellers. By the end of the month, he needed to make two cash withdrawals from the ATM machine. Lastly, he had to go to the bank and take out some money.
By the end of February, he has $1999 left. Calculate how much service fee he had to pay the Bank of Morneau? Show your calculations. (10)
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