Russ' checking account charges an $11.25 monthly service fee and a $0.22 per-check fee. If Russ writes 14 checks per month, shou
2 answers:
The total amount that present account charges is the sum of the monthly service fee and the total per check fee.
The monthly service fee is $11.25
The per check fee is $0.22. Therefore, the total check fee for 14 checks will be dollars.
Therefore the total amount that the present account charges is dollars.
As can be clearly seen, this is still less than the second option of a checking account that charges a $14.50 monthly service fee and no per-check fee. Therefore, Russ should <u>not</u> he switch to a checking account that charges a $14.50 monthly service fee and no per-check fee.
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