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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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  1. 17 September, 20:07
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    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.
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