You are deciding between First National Bank and Liberty Bank. They both offer checking and savings accounts. First National charges a $10 fee to receive checks and charges $2.50 per ATM transaction. Liberty Bank has no check fee but charges $3.25 per ATM transaction. How many times do you need to be charged an ATM fee before you are paying the same amount of money in fees at both banks?
Step 1: Define your variables - Look at the question statement. What are you being asked to find?

Step 2: Write 2 equations that use those unknown variables

Step 3: Solve the system of equations

Step 4: State your solution. What does it mean in the context of the word problem?

Question

02-04-2022
Mathematics

Answered

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You are deciding between First National Bank and Liberty Bank. They both offer checking and savings accounts. First National charges a $10 fee to receive checks and charges $2.50 per ATM transaction. Liberty Bank has no check fee but charges $3.25 per ATM transaction. How many times do you need to be charged an ATM fee before you are paying the same amount of money in fees at both banks?
Step 1: Define your variables - Look at the question statement. What are you being asked to find?

Step 2: Write 2 equations that use those unknown variables

Step 3: Solve the system of equations

Step 4: State your solution. What does it mean in the context of the word problem?

Sagot :

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