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Becca has [tex]$\$[/tex] 500[tex]$ to open a checking account. She wants an account with the lowest fees. She writes about 12 checks per month, and her employer has direct deposit. She plans to only use her bank's ATM four times a month.

\ \textless \ strong\ \textgreater \ Bank Account Terms and Conditions\ \textless \ /strong\ \textgreater \

\begin{tabular}{|c|c|c|c|c|c|}
\hline
& Minimum Balance & Online Banking & Check Limits & ATM Fees & Monthly Fee \\
\hline
A & $[/tex]\[tex]$ 500$[/tex] & Yes & Unlimited & [tex]$\$[/tex] 0[tex]$ for all ATMs & $[/tex]\[tex]$ 12$[/tex] \\
\hline
B & [tex]$\$[/tex] 250[tex]$ & Yes & 15 per month & $[/tex]\[tex]$ 0$[/tex] for ABC bank ATMs & [tex]$\$[/tex] 10[tex]$ \\
\hline
C & $[/tex]\[tex]$ 50$[/tex] & Yes & [tex]$\$[/tex] 0.08[tex]$ each & $[/tex]\[tex]$ 2.50$[/tex] per transaction & [tex]$\$[/tex] 0[tex]$ with direct deposit \\
\hline
D & $[/tex]\[tex]$ 100$[/tex] & No & Over 10, [tex]$\$[/tex] 0.12[tex]$ each & $[/tex]\[tex]$ 3$[/tex] per transaction & [tex]$\$[/tex] 2$ \\
\hline
\end{tabular}



Answer :

GinnyAnswer
Certainly! Let's determine which bank account has the lowest total monthly fees for Becca given the conditions:

1. Bank A:
- Monthly fee: \[tex]$12 - ATM fees: \$[/tex]0 (for all ATMs)
- Check limit: Unlimited with no additional cost for checks

Total monthly cost:
[tex]\[ \text{Total Cost}_A = \$12 + 4 \times \$0 + 12 \times \$0 = \$12 \][/tex]

2. Bank B:
- Monthly fee: \[tex]$10 - ATM fees: \$[/tex]0 (for ABC bank ATMs)
- Check limit: 15 per month with no additional cost (since 12 checks are within the limit)

Total monthly cost:
[tex]\[ \text{Total Cost}_B = \$10 + 4 \times \$0 + 12 \times \$0 = \$10 \][/tex]

3. Bank C:
- Monthly fee: \[tex]$0 (with direct deposit) - ATM fees: \$[/tex]2.50 per transaction
- Check fees: \[tex]$0.08 per check Total monthly cost: \[ \text{Total Cost}_C = \$[/tex]0 + 4 \times \[tex]$2.50 + 12 \times \$[/tex]0.08 = \[tex]$10 + \$[/tex]0.96 = \[tex]$10.96 \] 4. Bank D: - Monthly fee: \$[/tex]2
- ATM fees: \[tex]$3 per transaction - Check fees: \$[/tex]0.12 per check after the first 10 checks (so 2 additional checks will be charged)

Total monthly cost:
[tex]\[ \text{Total Cost}_D = \$2 + 4 \times \$3 + 2 \times \$0.12 = \$2 + \$12 + \$0.24 = \$14.24 \][/tex]

### Summary:
- Bank A's total monthly cost: \[tex]$12 - Bank B's total monthly cost: \$[/tex]10
- Bank C's total monthly cost: \[tex]$10.96 - Bank D's total monthly cost: \$[/tex]14.24

Hence, Becca should choose Bank B, which has the lowest total monthly cost of \$10.

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