Many bank credit card issuers charge a transaction fee for non-ATM cash advances. Dmitri has a...

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Many bank credit card issuers charge a transaction fee for non-ATM cash advances. Dmitri has a bank credit card. If he takes a non-ATM cash advance, the bank will charge him 2% of the amount of the advance, or a flat fee of $5, whichever is more. Dmitri needs to obtain a non-ATM cash advance of $300. What is his transaction fee? $ 6 This week Dmitri is out of town, and has access to cash advances only by non-ATM methods. For each non-ATM cash advance that he takes, he will be t charged 2% of the amount of the advance, or a flat fee of $5, whichever is more. • Dmitri took three cash advances during the week, each for $100. What is the total of his cash advances for that week? $ 300 • What would the transaction fee be, based on percentage, for each cash advance? $ 1.20 5 What would the minimum transaction fee be for each cash advance? $ Which transaction fee will be charged for each of Dmitri's advances? $ What will be the total of his transaction fees for the week? $ 25 If Dmitri had taken just one cash advance for $300 at the beginning of the week, what would his transaction fee have been? $ One transaction for $300 causes lower transaction fees by $ 5 6 Many bank credit card issuers charge a transaction fee for non-ATM cash advances. Dmitri has a bank credit card. If he takes a non-ATM cash advance, the bank will charge him 2% of the amount of the advance, or a flat fee of $5, whichever is more. Dmitri needs to obtain a non-ATM cash advance of $300. What is his transaction fee? $ 6 This week Dmitri is out of town, and has access to cash advances only by non-ATM methods. For each non-ATM cash advance that he takes, he will be t charged 2% of the amount of the advance, or a flat fee of $5, whichever is more. • Dmitri took three cash advances during the week, each for $100. What is the total of his cash advances for that week? $ 300 • What would the transaction fee be, based on percentage, for each cash advance? $ 1.20 5 What would the minimum transaction fee be for each cash advance? $ Which transaction fee will be charged for each of Dmitri's advances? $ What will be the total of his transaction fees for the week? $ 25 If Dmitri had taken just one cash advance for $300 at the beginning of the week, what would his transaction fee have been? $ One transaction for $300 causes lower transaction fees by $ 5 6