Question

Bank A charges a monthly service fee of 5 and a per check fee of0.15. Bank B charges a monthly service fee of 2.50 and a per check fee of0.35. Which bank charges higher fees?

1) Bank A
2) Bank B

Answer 1

To compare the fees of Bank A and Bank B, calculate the total monthly fees based on the service fees and per check fees. The bank with the higher total fees charges more.

Step-by-step explanation:

To compare the fees of Bank A and Bank B, we can calculate the total monthly fees for each bank based on the given information:

Bank A charges a monthly service fee of $5 and a per check fee of $0.15. So, the total monthly fees for Bank A would be $5 + (number of checks) * $0.15.

Bank B charges a monthly service fee of $2.50 and a per check fee of $0.35. So, the total monthly fees for Bank B would be $2.50 + (number of checks) * $0.35.

To compare which bank charges higher fees, we need to know the number of checks the student plans to write per month. Based on that information, we can calculate the total fees for both banks and determine which one is higher.