Subjects algebra

Bank Fee Comparison 63E079

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1. **State the problem:** We need to compare the transaction fees for cash withdrawals at Freedom Bank and Choice Bank. 2. **Given:** - Freedom Bank charges a flat fee of $5.00 per withdrawal. - Choice Bank charges 4% of the cash withdrawal amount. 3. **Formula for Choice Bank fee:** $$\text{Fee} = 0.04 \times \text{Withdrawal Amount}$$ 4. **Compare fees:** - If the withdrawal amount is $x$, then Choice Bank fee is $0.04x$. - Freedom Bank fee is always $5$. 5. **Analyze when Choice Bank fee is less than Freedom Bank fee:** $$0.04x < 5$$ Divide both sides by 0.04: $$\cancel{0.04}x < \frac{5}{\cancel{0.04}}$$ $$x < 125$$ 6. **Interpretation:** - If you withdraw less than $125, Choice Bank fee is less than Freedom Bank fee. - If you withdraw exactly $125, fees are equal. - If you withdraw more than $125, Choice Bank fee is more than Freedom Bank fee. 7. **Conclusion:** The fee at Choice Bank may be less than Freedom Bank depending on how much money is withdrawn. **Final answer:** C. The fee at Choice bank may be less than Freedom Bank depending on how much money is being withdrawn.