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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

Option B - The income earned in one month is $5.50.

Step-by-step explanation:

Given : 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.

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

Solution :

Account balance of customer=  $ 1,000

Interest earned in checking account= 0.75%

Financial charge= $2.00

Therefore, Income earned in one month on the checking account  is given by 0.75% of 1,000 - $2

i.e,

So, Option B is correct.

The income earned in one month is $5.50.

c

step-by-step explanation: