Checking account A charges a monthly service fee $30 and wire transfer fee $7.50, while checking account B charges a monthly service fee of $14 and a wire transfer fee $9.50. Which checking account is the better deal if 4 wire transfer are made per month?
A. Checking account B is the better deal, because the total monthly fees amount to $53, while those for checking account A amount to $52.
B. Checking account A is better deal, because the monthly fees amount to $52, while those for checking account B amount to $53.
C. Checking account A is better deal, because the total monthly fees amount to $53, while those for a checking account B amount to $52.
D. Checking account B is the better deal, because the total monthly fees amount to $52, while those for checking account A amount to $53
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Verified answer
D. Checking account b = (4x $9.50)+$14 = $52. My calculations for checking account a = (4x $7.50) + $30 = $60 so I'm unsure where the $53 comes from. But account b is better
Uhh none of the above? For A. I got 60 and for B. I got 52....soo maybe im stupid but yuup lol
Hi Punjabi,
Please check your question again. There is a mistake in the statement. Good luck.
A. b is the better deal
Uhhh. It's summer. Why are you doing math?