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Parsons Bank offers two checking-account plans. The No Frills plan charges 25 cents per check whereas the Simple Checking plan costs $6 per month plus 5 cents per check. For what number of checks per
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Dec 17, 2019
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Parsons Bank offers two checking-account plans. The No Frills plan charges 25 cents per check whereas the Simple Checking plan costs $6 per month plus 5 cents per check. For what number of checks per month will the Simple Checking plan cost less?
Mathematics
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Pakhilov
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No frills = $0.25(x)
simple = $6 + $0.05(x)
set equal to each other
0.025(x) = 6 + 0.05(x)
rearrange like terms together
0.025(x) - 0.05(x) = 6
0.020(x) = 6
x =300
Simple plan will be cheaper once you use more than 300 checks
Tadas S
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Dec 21, 2019
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Tadas S
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