Question as edited by me: Keiko is comparing offers from two banks on checking accounts that include debit cards. Bank A charges a $20 monthly fee for a checking account and debit card, plus $0.60 for each transaction. Bank B charges a $35 monthly fee for a checking account and debit card,plus $0.20 for each transaction how much would she pay at each bank for the given month assuming she made 10 transactions? Which bank is cheaper and by how much?
Answer:
Step-by-step explanation:
We're told that Bank A charges $20 monthly fee for checking account and debit card, plus $0.60 for each transaction.
Let's assume that Keiko made 10 transactions in the given month, then the total charges of Bank A will be;
Total charges of Bank A = 20 +0.6(10) = 20 + 6 = $26
We're also told that Bank B charges $35 monthly fee for checking account and debit card, plus $0.20 for each transaction.
Let's assume that Keiko made 10 transactions in the given month, then the total charges of Bank B will be;
Total charges of Bank B = 35 +0.2(10) = 35 + 2 = $37
Difference of Bank B and A charges = 37 - 26 = $11
Bank A is cheaper because the charges are lesser than that of Bank B by $11.