Lydia is comparing two checking accounts, one has a monthly fee of $10 and a per-check fee of $0.10, and the other has a monthly fee of $5 and a per-check fee of $0.25. What is the minimum number of checks Lydia needs to write for the first bank to be a better option?

asked by tat

7 years ago

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1 answer

you want n such that

10+0.10n < 5 + 0.25n

answered by Steve

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Question

Lydia is comparing two checking accounts, one has a monthly fee of $10 and a per-check fee of $0.10, and the other has a monthly fee of $5 and a per-check fee of $0.25. What is the minimum number of checks Lydia needs to write for the first bank to be a better option?

1 answer

you want n such that

10+0.10n < 5 + 0.25n

Steve · Answer

you want n such that 10+0.10n < 5 + 0.25n