Question

question 6 of 10
tianas checking account charges a $7.75 monthly service fee and a $0.16 per - check fee. if tiana writes 17 checks per month, should she switch to a checking account that charges a $10.50 monthly service fee and no per - check fee?
a. no, because her monthly fees are currently less than $10.50.
b. yes, because her monthly fees are currently greater than $10.50.
c. no, because her monthly fees are currently greater than $10.50.
d. yes, because her monthly fees are currently less than $10.50.

Explanation:

Step1: Calculate current monthly fees

First, find the total per - check fee. The per - check fee is $0.16 per check, and she writes 17 checks. So the per - check fee total is $0.16\times17 = 2.72$. Then add the monthly service fee of $7.75. So the total current monthly fee is $7.75+2.72=10.47$.

Step2: Compare with new account fee

The new account has a monthly fee of $10.50. Since $10.47 < 10.50$, her current monthly fees are less than the new account's monthly fee. So she should not switch.

Answer:

A. No, because her monthly fees are currently less than $10.50.