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at river bank, checking account customers earn 0.75% interest a month on their account balances, pay no service fees for writing checks, and pay a monthly $2.00 financial charge.

calculate the income earned in one month on the checking account for a customer with an account balance of $1,000.

a.
$4.25

b.
$5.50

c.
$6.75

d.
$7.25

B. $5.50  

Step-by-step explanation:

  Account balance 1st of month =   $ 1000.00

                       + 0.75 % Interest = +          7.50

                      -Financial charge =  -          2.00

Account balance end of month =   $ 1005.50

               Less starting balance = -   1000.00

                        Amount earned =    $       5.50

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step-by-step explanation:

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