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Mathematics, 30.05.2020 22:03 sofiaarmy12
Tim Worker wants to compare the cost of online banking with that of check writing. Tim writes an average of 35 checks a month for his donations, utilities, and other expenses.
Bank Basic Monthly Fee Bill Paying Monthly Fee Limit Cost per bill beyond limit
A. $5.95 free
B. $9.95 $5.95/mo. 20 $1
C. $4.50 $4.50/mo.
D. $5.95 free 20 $0.50
E. $5.00 1 month free then $8.00/mo. 10 $0.15
Model for Bank B:
Bank Basic fee x 12 Bill Paying Fee x 12 Checks Written - Limit Column 4 x Cost per bill x 12 Annual Total
B. $9.95 x 12 = $119.40 $5.95 x 12 = $71.40 35 - 20 = 15 15 x $1 x 12 = $180.00 $370.80
Using the model above, complete this table:
Bank Basic fee x 12 Bill Paying Fee x 12 Checks Written - Limit Column 4 x Cost per bill x 12 Annual Total
A. $ $ $ $
C. $ $ $ $
D. $ $ $ $
E. $ $ $ $
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