What does it mean if a check is skipped on a bank statement?

a.) the check may not have been cashed or deposited yet.
b.) the check was written for more money than was available in the account
c.) the account holder wasted money by not using a check
d.) the bank will charge a fee for the skipped check

The correct answer is A) The check my not have been cashed or deposited yet.

Kym T

0.038

step-by-step explanation:

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.