Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

The checking account fees for Banks [tex]\(A, B, C,\)[/tex] and [tex]\(D\)[/tex] are shown in the table below.

\begin{tabular}{|l|l|l|}
\hline
& Monthly Service Fee & Per-Check Fee \\
\hline
Bank A & \[tex]$7.50 & \$[/tex]0.25 \\
\hline
Bank B & None & \[tex]$0.50 \\
\hline
Bank C & \$[/tex]12.50 & None \\
\hline
Bank D & \[tex]$10.00 & \$[/tex]0.10 \\
\hline
\end{tabular}

If a customer writes 26 checks per month, which bank will charge him the least in fees?

A. Bank D
B. Bank B
C. Bank A
D. Bank C

Sagot :

GinnyAnswer
To determine which bank charges the least in fees given that a customer writes 26 checks per month, we need to calculate the total monthly fees for each bank.

1. Bank A:
- Monthly Service Fee: \[tex]$7.50 - Per-Check Fee: \$[/tex]0.25
- Total Checks: 26

The total monthly fee for Bank A is calculated as follows:
[tex]\[ \text{Total Fee for Bank A} = 7.50 + (26 \times 0.25) = 7.50 + 6.50 = 14.00 \][/tex]

2. Bank B:
- Monthly Service Fee: None (\[tex]$0.00) - Per-Check Fee: \$[/tex]0.50
- Total Checks: 26

The total monthly fee for Bank B is calculated as follows:
[tex]\[ \text{Total Fee for Bank B} = 0 + (26 \times 0.50) = 0 + 13.00 = 13.00 \][/tex]

3. Bank C:
- Monthly Service Fee: \[tex]$12.50 - Per-Check Fee: None (\$[/tex]0.00)
- Total Checks: 26

The total monthly fee for Bank C is calculated as follows:
[tex]\[ \text{Total Fee for Bank C} = 12.50 + (26 \times 0) = 12.50 + 0 = 12.50 \][/tex]

4. Bank D:
- Monthly Service Fee: \[tex]$10.00 - Per-Check Fee: \$[/tex]0.10
- Total Checks: 26

The total monthly fee for Bank D is calculated as follows:
[tex]\[ \text{Total Fee for Bank D} = 10.00 + (26 \times 0.10) = 10.00 + 2.60 = 12.60 \][/tex]

Now, we compare the total monthly fees for each bank:
- Bank A: \[tex]$14.00 - Bank B: \$[/tex]13.00
- Bank C: \[tex]$12.50 - Bank D: \$[/tex]12.60

The bank that charges the least in fees is Bank C with a total monthly fee of \$12.50.

Thus, the correct answer is:
D. Bank C
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.