Question

Bank A charger a 4$ service fee and $0.25 for each check written. Bank B charges $5 and $0.20 for each check written . How many checks does a person need to write each month for the two banks to charge the same amounts in fees. Which account would cost less if a person were to write 10 checks in a month?

Answer 1

1. A person would need to write 20 checks each month for the two banks to charge the same amount in fees.
2. The account from Bank A would cost less if a person were to write 10 checks in a month.

Explanation:
1. Bank A = 0.25x + 4, Bank B = 0.2x + 5

0.25x + 4 = 0.2x + 5
0.05x = 1
x = 20

2. Bank A = 0.25(10) + 4 = $6.5
Bank B = 0.2(10) + 5 =$7
Therefore, it would cost less to write 10 checks from Bank A.