Paul made two bank transfers of $90 and $60 respectively. A service charge of 2% was added to each transaction. If the second transaction was reversed (without the service charge), what is his account balance now if it was $400 before he made any of the transfers?
A step-by-step solution is:
307
2% of $90 is (2 / 100) * $90 = $1.

8.

2% of $60 is (2 / 100) * $60 = $1.

2.

The second transaction was reversed without the service charge so only a total of $90 + $1.

8 + $1.

2 = $93 was deducted from his account.

He will have a balance of $400 - $93 = $307.

.

Thus, the answer is 307