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17 January, 07:05

Parsons Bank offers two checking-account plans. The No Frills plan charges 25 cents per check whereas the Simple Checking plan costs $6 per month plus 5 cents per check. For what number of checks per month will the Simple Checking plan cost less?

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  1. 17 January, 09:44
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    No frills = $0.25 (x)

    simple = $6 + $0.05 (x)

    set equal to each other

    0.025 (x) = 6 + 0.05 (x)

    rearrange like terms together

    0.025 (x) - 0.05 (x) = 6

    0.020 (x) = 6

    x = 300

    Simple plan will be cheaper once you use more than 300 checks
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