Checking account A charges a monthly service fee of $25 and a wire transfer fee of $6.50, while checking account B charges a monthly service fee of $16 and a wire transfer fee of $8.50. Which checking account is the better deal if four wire transfers are made per month?

Question

Mathematics

Jadon Combs

3 January, 16:05

Checking account A charges a monthly service fee of $25 and a wire transfer fee of $6.50, while checking account B charges a monthly service fee of $16 and a wire transfer fee of $8.50. Which checking account is the better deal if four wire transfers are made per month?

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Answers (1)

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Sydney Clements · Answer 1

Checking account B is better. You can find the answer by making two equations. For A the equation can be y=$6.50x+25 and for B it would be y=$8.50+16. Substitute 4 in to the X spot and you will find A equals $51, while B equals $50.