Math Question ...

Damy is researching chequing accounts. She has narrowed the search down to the following two plans from two financial institutions.

Plan A: $2.95 per month plus $0.65 transaction

Plan B: $13.25 per month for unlimited transactions

A) Damy makes, on average, 20 transactions per month. Which plan would be less expensive on a monthly basis? Justify your decision.

B) What is the minimum number of transactions that Damy would need to make in a month to justify getting the unlimited plan (Plan B) ?

Question

Mathematics

Elliana Baker

27 December, 13:32

Math Question ...

Damy is researching chequing accounts. She has narrowed the search down to the following two plans from two financial institutions.

Plan A: $2.95 per month plus $0.65 transaction

Plan B: $13.25 per month for unlimited transactions

A) Damy makes, on average, 20 transactions per month. Which plan would be less expensive on a monthly basis? Justify your decision.

B) What is the minimum number of transactions that Damy would need to make in a month to justify getting the unlimited plan (Plan B) ?

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Answers (1)

Know the Answer?

Diya Daniel · Answer 1

A) Plan B would be the best option for a monthly basis

Using Plan A, you would pay 15.95 on a monthly basis

0.65 * 20 = 13

13 + 2.95 = 15.95

B) The minimum number of transaction is 15

15 * 0.65 = 9.75

9.75 + 2.95 = 12.7