Ok I need help with this math?
Regular Checking: $5.00 monthly service charge, 22 cents per check. The service charge is dropped if you keep a $500 Balance.
1) Sandy writes 10 checks per month and has a balance of $200. How much will Sandy
pay per month to use the Budget Checking Account? (Calculate the amount paid for checks first, then add in the monthly service charge.)
I just need this one so I know how to do the rest, please help.
Favorite Answer
First subtract the number of free checks from the total number
10-4=6
multiply that by the cost of each check 6 x .75=$4.50
Then add the monthly service charge
4.50+2.50=$7.00
The full problem can be written out:
(10-4)(.75)+2.5
6(.75)+2.5
4.5+2.5
7
She gets 4 free checks, so you have to chuck off (subtract) 4 from the 10 she writes during the month–that means she pays for 6 checks times .75 = $4.50.
So with $2.50 + $4.50, she would pay $7.00 on the Budget Plan.
She writes 10 checks-and 4 are free, so 6 are not free.
6 times $0.75 equals $4.50. 2.50+4.50=7$, the amount she will be charged.
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