Bank A charges a $5 monthly fee for a checking account and debit card, plus $0.50 for each transaction. Bank B charges a $20 mon thly fee for a checking account and debit card, with unlimited transactions. Suppose Melissa makes 35 transactions in a given month.
(a) How much would she pay at each bank for the given month?
Bank A:
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2 answers:
Answer:
she would pay $22.5 and 20 dollars
Explanation:
Bank A charges a transaction fee and a monthly fee so it would be more. Bank B charges a monthly fee but UNLIMITED transactions which means you just have to be the monthly.
Answer:
Bank A: $22.50
Bank B:$20
Explanation: 35(number of transactions)×.50(fee)=$17.50+$5=$22.50
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