Question

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?

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