A local bank charges 19 per month plus 3 cents per check. The credit union charges7 per month plus

Discussion in 'Calculator Requests' started by math_celebrity, Sep 6, 2019.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A local bank charges 19 per month plus 3 cents per check. The credit union charges7 per month plus 7 cents per check. How many checks should be written each month to make the credit union a better deal?

    Set up the cost function B(c) for the local bank where c is the number of checks:
    B(c) = 0.03c + 19

    Set up the cost function B(c) for the credit union where c is the number of checks:
    B(c) = 0.07c + 7

    We want to find out when:
    0.07c + 7 < 0.03c + 19

    Typing this inequality into our search engine, we get:
    c < 300
     

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