The bank offers two kinds of checking accounts. Account A charges a fee of $.20 for each check that is written and has no monthly service charge. Account B charges $.10 for each check and has a monthly service charge of $1.50. How much would you save if you chose Account B and wrote 250 checks in a year?
With Account A, you would be charged $50 within the entire year. With Account B, you would be charged $43 including the monthly fees for the entire year.