Checking account A charged a monthly service fee of $3 and a per-check fee of $0.02, while checking account B charges a monthly service fee of $2 and a per-check fee of $0.03. How many checks would a person have to write for the two accounts to cost the same?

Question

Neil Warren

Mathematics

17 September, 19:40

Checking account A charged a monthly service fee of $3 and a per-check fee of $0.02, while checking account B charges a monthly service fee of $2 and a per-check fee of $0.03. How many checks would a person have to write for the two accounts to cost the same?

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Joel Stanley · Answer 1

The service fees differ by $1. The per-check fees differ by $0.01. A person would have to write 1/.01 = 100 checks for the two accounts to cost the same.