Question

You want to open a checking account at your local bank which offers two options. A standard checking account charges $6 each month plus $.25 for each check written. A select checking account charges $4.50 each month plus $.50 for each check written. Which system of equations can be used to determine the number x of checks that must be written in a month in order for the total charges y for the two checking accounts to be the same?

Answer 1

The total charges for the two checking accounts will be the same after 6 checks written.

Explanation:

Since I want to open a checking account at my local bank which offers two options, a standard checking account that charges $ 6 each month plus $ 0.25 for each check written, and a select checking account that charges $ 4.50 each month plus $ 0.50 for each check written, to determine which system of equations can be used to determine the number X of checks that must be written in a month in order for the total charges Y for the two checking accounts to be the same, the following calculation must be performed:

6 + 0.25X = Y

4.5 + 0.5X = Y

6 + 0.25x5 = Y

4.5 + 0.5x5 = Y

6 + 1.25 = Y = 7.25

4.5 + 2.50 = 7

6 + 0.25x6 = Y

4.5 + 0.5x6 = Y

6 + 1.50 = Y = 7.50

4.5 + 3 = 7.50

Therefore, the total charges for the two checking accounts will be the same after 6 checks written.