Question

A charges a monthly service fee of $20 and a wire transfer

fee of $3, while checking account B charges a monthly service fee of $30 and
a wire transfer fee of $2. How many transfers would a person have to have for
the two accounts to cost the same?
A. 31
B. 10
C. 0
OD. 21

Answer 1

• B) 10

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Set up equations for both accounts, having x for number of transfers and make them equal:

• 3x + 20 = 2x + 30
• 3x - 2x = 30 - 20
• x = 10

The matching choice is B.