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A certain bank charges a maintenance fee on a standard checking accoun

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naveenhv
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A certain bank charges a maintenance fee on a standard checking accoun [#permalink] New post   06 May 2011, 10:17
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A certain bank charges a maintenance fee on a standard checking account each month that the balance falls below $1,000 at any time during the month. Did the bank charge a maintenance fee on Sue's standard checking account last month?

(1) At the beginning of last month, Sue's account balance was $1,500.
(2) During last month, a total of $2,000 was withdrawn from Sue's checking account.
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E
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Re: A certain bank charges a maintenance fee on a standard checking accoun [#permalink] New post   06 May 2011, 11:31
a doesn't talk about the final balance. not sufficient.

b dosen't talk about the final balance. not sufficient.

a+b doesn't talk about how much the deposit was made. suppose deposit was 5000 previous balance was 1500 then final balance after 2000 withdrawal = 6500 - 2000

also suppose deposit was 1000 initial balance = 1500 total = 2500, withdrawal = 2000

final balance = 500 hence the fee is charged.

E
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Re: A certain bank charges a maintenance fee on a standard checking accoun [#permalink] New post   06 May 2011, 15:28
1. Not sufficient

as we dont know anything about the rest of the month activities.

2. Not sufficient

we dont know anything about the months balances.

together

we know month's starting balance was 1500 and a total of 2000 was withdrawn. but we still dont whether anymore deposits where made into the account before the 2000 withdrawl. Hence not sufficient.

Answer is E.
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Re: A certain bank charges a maintenance fee on a standard checking accoun [#permalink] New post   05 Jan 2015, 04:19
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naveenhv wrote:
A certain bank charges a maintenance fee on a standard checking account each month that the balance falls below $1000 at any time during the month. Did the bank charge a maintenance fee on Sue's standard checking account last month?

1) At the beginning of last month, Sue's account balance was $1500

2) During last month, a total of $2000 was withdrawn from Sue's checking account.


Similar question to practice: beth-s-bank-charges-a-service-fee-on-a-regular-checking-128006.html
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Re: A certain bank charges a maintenance fee on a standard checking accoun [#permalink] New post   19 Jul 2022, 03:00
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: A certain bank charges a maintenance fee on a standard checking accoun [#permalink]
19 Jul 2022, 03:00
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