If a person has ATM fees each month of $18 for five years, what would be the total cost of those banking fees?

BlackTom题目解析

Question

If a person has ATM fees each month of $18 for five years, what would be the total cost of those banking fees?

BlackTom题目解析

BlackTom AI · Accepted Answer

To find the total cost of monthly ATM fees over several years, start by identifying the time period in months. There are 12 months in a year, and the fees cover 5 years, so the total number of months is 12 × 5 = 60 months.
Next, multiply the monthly fee by the number of months to obtain the total cost: $18 per month × 60 months = $1,080.
A quick check: if you double-check by calculating 18 × 50 = 900 and add another 18 × 10 = 180, you get 900 + 180 = 1,080, which matches the previous result.
Key steps to avoid mistakes: ensure you’re counting the correct number of months (not years) and apply multiplication in a straightforward way: total cost = monthly fee × total months.
If there were multiple options, you’d compare each option to 1,080 and choose the one that matches exactly.

If a person has ATM fees each month of $18 for five years, what would be the total cost of those banking fees? BlackTom题目解析

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