Ravi is comparing offers from two banks on checking accounts that include debit cards. Bank A charges a 30 monthly fee for a checking account and debit card, plus 0.50 for each transaction. Bank B charges a 25 monthly fee for a checking account and debit card , plus 0.90 for each transaction: Suppose Ravi makes 15 transactions in a given month. Answer the questions below. (a) How much would he pay at each bank for the given month? Bank A: square Bank B: Ssquare (b) For the given month, which bank is cheaper and by how much? Bank A Bank A is Ssquare cheaper than Bank B. Bank B Bank B is square cheaper than Bank A.

Question

Ravi is comparing offers from two banks on checking accounts that include debit cards. Bank A charges a 30 monthly fee for a checking account and debit card, plus 0.50 for each transaction. Bank B charges a 25 monthly fee for a checking account and debit card , plus 0.90 for each transaction: Suppose Ravi makes 15 transactions in a given month. Answer the questions below. (a) How much would he pay at each bank for the given month? Bank A: square Bank B: Ssquare (b) For the given month, which bank is cheaper and by how much? Bank A Bank A is Ssquare cheaper than Bank B. Bank B Bank B is square cheaper than Bank A.

Answer 1

(a) Para calcular cuánto pagaría Ravi en cada banco por el mes dado, podemos usar la fórmula:Costo total = Tarifa mensual + (Costo por transacción * Número de transacciones)Para Bank A:Costo total =

0.50 * 15)Costo total =

7.50Costo total =

25 + (

25 +

38.50Por lo tanto, Ravi pagaría

38.50 en Bank B por el mes dado.(b) Para determinar cuál banco es más barato y cuánto lo es, podemos comparar los costos totales calculados en la parte (a).Bank A es

1.00 más barato que Bank B.

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