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Many bank credit card issuers charge a transaction fee for non-ATM cash advances. Ana has a bank credit card. If she takes a non-ATM cash
Many bank credit card issuers charge a transaction fee for non-ATM cash advances. Ana has a bank credit card. If she takes a non-ATM cash advance, the bank will charge her 2% of the amount of the advance, or a flat fee of $5, whichever is more. Ana needs to obtain a non-ATM cash advance of $300. What is her transaction fee? $ This week Ana is out of town, and has access to cash advances only by non-ATM methods. For each non-ATM cash advance that she takes, she will be charged 2% of the amount of the advance, or a flat fee of $5, whichever is more. - Ana took three cash advances during the week, each for $100. What is the total of her cash advances for that week? \$ - What would the transaction fee be, based on percentage, for each cash advance? $ - What would the minimum transaction fee be for each cash advance? $ - Which transaction fee will be charged for each of Ana's advances? \$ - What will be the total of her transaction fees for the week? $ - If Ana had taken just one cash advance for $300 at the beginning of the week, what would her transaction fee have been? $ lower transaction fees by $
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