Lorenzo Is Considering Two Banks for His Checking Account

question 8

Multiple Choice

Lorenzo is considering two banks for his checking account. Suny Bank requires a minimum deposit of $100 and charges a monthly fee of $8, plus 5 cents a check. Merchants Bank also requires a minimum deposit of $100, it charges a per check fee of 15 cents but no monthly fee. How many checks would Lorenzo need to write each month to make Suny Bank cheaper to use than Merchants?

• A) over 50
• B) over 60
• C) over 70
• D) over 80

---

Definitions:

SmartArt

A graphic diagram tool included in Microsoft Office programs that provides a visual representation for information.

Shape

An element of design defined by its boundaries and form, which can be geometric or organic, used in various creative and technical fields.

PivotTable

A feature in spreadsheet software that allows users to summarize, analyze, explore, and present summary data.

Columns Area

A section in spreadsheet or database software where data is organized vertically in columns.