The bank offers two kinds of checking accounts. Account A charges a fee of $.20 for each check that is written and has no monthly service charge. Account B charges $.10 for each check and has a monthly service charge of $1.50. How much would you save if you chose Account B and wrote 250 checks in a year?

Question

Mathematics

Sylvia Duran

27 August, 03:25

The bank offers two kinds of checking accounts. Account A charges a fee of $.20 for each check that is written and has no monthly service charge. Account B charges $.10 for each check and has a monthly service charge of $1.50. How much would you save if you chose Account B and wrote 250 checks in a year?

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Answers (1)

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Terry Harrington · Answer 1

Account A ... with 250 checks

0.20 (250) = 50

Account B ... with 250 checks

0.10 (250) + 1.50 = 25 + 1.50 = 26.50

so by using Account B, u r saving (50 - 26.50) = 23.50