document.write( "Question 1151631: Parsons Bank offers two checking-account plans. The No Frills plan charges 25 cents per check whereas the Simple Checking plan costs $6 per month plus 5 cents per check. For what number of checks per month will the Simple Checking plan cost less? \n" ); document.write( "
Algebra.Com's Answer #773447 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Option A: 25 cents per check, which is the same as $0.25 per check \n" ); document.write( "y = 0.25x is the equation for option A \n" ); document.write( "x = number of checks \n" ); document.write( "y = total cost in dollars\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Option B: $6 per month plus 5 cents per check \n" ); document.write( "x = number of checks \n" ); document.write( "0.05*x = cost of writing x number of checks at $0.05 (aka 5 cents) per check \n" ); document.write( "0.05x+6 = total cost after the $6 per month fee is added on \n" ); document.write( "The equation for option B is y = 0.05x+6\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Set up the inequality shown below to solve for x. We want to find when option B will cost lest.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "(Option A's cost) > (Option B's cost) \n" ); document.write( "0.25x > 0.05x+6 \n" ); document.write( "0.25x-0.05x > 6 ....................... subtract 0.05x from both sides \n" ); document.write( "0.20x > 6 \n" ); document.write( "x > 6/0.20 ............................ divide both sides by 0.20 \n" ); document.write( "x > 30 \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "If x > 30, then the expression 0.05x+6 is smaller than 0.25x \n" ); document.write( "So if x > 30, then the Simple Checking plan is cheaper.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "For instance, if x = 40, then \n" ); document.write( "0.25x = 0.25*40 = 10 is the cost of option A \n" ); document.write( "0.05x+6 = 0.05*40+6 = 2+6 = 8 is the cost of option B \n" ); document.write( "we see that option B is cheaper if x = 40 checks are written.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Answer: \n" ); document.write( "If you write more than 30 checks, then the Simple Checking Plan is the cheaper option. \n" ); document.write( " \n" ); document.write( " |