To determine which bank James should choose based on the given conditions and his usage pattern, we will analyze the fees associated with each bank.
### Bank A:
- Monthly Balance: Since James maintains a balance at least [tex]$1000, he meets the minimum balance requirement (as anything over $[/tex]0 is acceptable).
- Monthly Fee: [tex]$10 if the minimum balance is not met. Given James's balance of $[/tex]1500, he does not incur this fee.
- ATM Fee: [tex]$0 for all ATMs.
- Total Monthly Fee for Bank A: \(\$[/tex]0\) (since there are no applicable monthly or ATM fees).
### Bank B:
- Monthly Balance: James's balance of [tex]$1500 exceeds the minimum requirement of $[/tex]500.
- Monthly Fee: No monthly fee is mentioned for Bank B.
- ATM Fee: [tex]$0 for ABC Bank ATMs. James is using the ATMs at his local branch, assumed to be ABC Bank ATMs.
- Total Monthly Fee for Bank B: \(\$[/tex]0\).
### Bank C:
- Monthly Balance: James's balance of [tex]$1500 does not meet the minimum required balance of $[/tex]3000.
- Monthly Fee: No monthly fee condition given that affects the calculation directly.
- ATM Fee: [tex]$4 per transaction. James uses the ATM 4 times a month, so the ATM cost is \(4 \times \$[/tex]4 = \[tex]$16\).
- Total Monthly Fee for Bank C: \(\$[/tex]16\).
### Bank D:
- Monthly Balance: James meets the minimum balance requirement of [tex]$1000.
- Monthly Fee: No monthly fee mentioned.
- ATM Fee: $[/tex]3 per transaction. With 4 transactions, the cost is [tex]\(4 \times \$3 = \$12\)[/tex].
- Total Monthly Fee for Bank D: [tex]\(\$12\)[/tex].
### Summary of Total Monthly Fees for Each Bank:
- Bank A: \[tex]$0
- Bank B: \$[/tex]0
- Bank C: \[tex]$16
- Bank D: \$[/tex]12
### Conclusion:
Given the monthly costs associated with each bank, the banks with the lowest monthly fees are Bank A and Bank B, both with fees totaling \$0. Among these two, any can be chosen since they both result in the same minimal costs.
Therefore, James's best options based on his requirements are:
1. Bank A
2. Bank B
Given these choices, the best bank is Bank A based on the provided result.
