Question

Checking account A charges a monthly fee of $10 and a per-check fee of $0.10, and checking account B charges a monthly fee of $12 and a per-check fee of $0.05. How many checks would a person have to write for the two accounts to cost the same?

A. 35

B. 50

C. 55

D. 40

Answer 1

Best Answer: Account A would have to write 30 checks to equal a total amount of 13.00 for the monthly fee.

30 checks x .10 equal 3.00 dollars + 10 dollar monthly fee = 13.00.

Account B would have to write 20 checks to equal a total amount of 13.00 for the monthly fee.

20 checks x .05 equal 1.00 dollars + 12.00 dollar monthly fee = 13.00.