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Syed took out a cash advance of d dollar...

Syed took out a cash advance of d dollars from a financing company. The company deducts a fee of `1/3` of the original advanced amount long with a wire transfer fee of $30.00. Which of the following represents the final advanced amount that Syed receives after all applied fees, in dollars?

A

`1/3d-30`

B

`1/3(d-30)`

C

`2/3(d-30)`

D

`2/3d-30`

Text Solution

AI Generated Solution

The correct Answer is:
To find the final amount that Syed receives after all the fees are deducted, we can follow these steps: ### Step 1: Identify the original amount Let the original cash advance amount be denoted as \( d \) dollars. ### Step 2: Calculate the deduction from the advance The company deducts a fee of \( \frac{1}{3} \) of the original amount. Therefore, the amount deducted is: \[ \text{Deduction} = \frac{1}{3}d \] ### Step 3: Calculate the amount left after the deduction After the deduction, the amount Syed has left is: \[ \text{Amount after deduction} = d - \frac{1}{3}d \] To simplify this, we can write: \[ d - \frac{1}{3}d = \frac{3}{3}d - \frac{1}{3}d = \frac{2}{3}d \] ### Step 4: Subtract the wire transfer fee In addition to the deduction, there is a wire transfer fee of $30. Thus, the final amount Syed receives after all deductions is: \[ \text{Final amount} = \frac{2}{3}d - 30 \] ### Conclusion The final advanced amount that Syed receives after all applied fees is: \[ \frac{2}{3}d - 30 \]
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