Ivan is comparing offers from two banks on checking accounts that Include debit cards. Bank A charges a 35 monthly fee for a checking account and debit card, with unlimited transactions. Bank B charges a 10 monthly fee for a checking account and deblt card, plus 0.50 for each transaction. Suppose Ivan makes 35 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: square (b) For the given month, which bank is cheaper and by how much? Bank A Bank A is square cheaper than Bank B. Bank B Bank B is square cheaper than Bank A.

Question

Ivan is comparing offers from two banks on checking accounts that Include debit cards. Bank A charges a 35 monthly fee for a checking account and debit card, with unlimited transactions. Bank B charges a 10 monthly fee for a checking account and deblt card, plus 0.50 for each transaction. Suppose Ivan makes 35 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: square (b) For the given month, which bank is cheaper and by how much? Bank A Bank A is square cheaper than Bank B. Bank B Bank B is square cheaper than Bank A.

Answer 1

(a) Para calcular cuánto pagaría Ivan en cada banco por el mes dado, primero debemos calcular el costo total en cada banco.En el caso de Bank A, el costo es simplemente el monto de la tarifa mensual, que es de

35 en Bank A.En el caso de Bank B, el costo es la tarifa mensual de

0.50 por cada transacción. Dado que Ivan hace 35 transacciones en el mes dado, el costo total sería

0.50 * 35) =

17.50 =

27.50 en Bank B.Bank A:

27.50(b) Para determinar cuál banco es más barato y cuánto lo es, debemos comparar los costos totales de cada banco.En este caso, Bank B es más barato que Bank A. La diferencia en el costo es de

27.50 =

7.50 más barato que Bank A.Bank ABank A is

7.50 cheaper than Bank A.

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