Victor Read the Fine Print for a Checking Account He

Victor read the fine print for a checking account he was thinking about using.The fine print said,"A minimum balance of $500 is required.If your balance falls below this level,you will be assessed a monthly fee of $10." Since Victor was planning to keep only a $50 balance in his account,how much could he be charged each year?

A) $0.00
B) $10.00
C) $40.00
D) $50.00
E) $120.00