otherwise $7 per month, no minimum balance, online banking services, non - bank r atm fee - $2.00 per…

otherwise $7 per month, no minimum balance, online banking services, non - bank r atm fee - $2.00 per transaction; more than 0 times per month, otherwise $10 monthly fee, $25 minimum balance, online banking services, non - bank s atm fee - $1.50 per transaction; no minimum balance, no online banking options, non - bank t atm fee - $2.00 per transaction. emma usually has about $1000 in her account at any given time during the month. she usually visits the atm twice a week and is interested in banking online options. bank r has 10 atms within a 5 mile radius of emmas home. bank s has 1 atm 10 miles from emmas work. which bank should she choose? a. bank r b. bank s c. bank t d. bank r and s

otherwise $7 per month, no minimum balance, online banking services, non - bank r atm fee - $2.00 per transaction; more than 0 times per month, otherwise $10 monthly fee, $25 minimum balance, online banking services, non - bank s atm fee - $1.50 per transaction; no minimum balance, no online banking options, non - bank t atm fee - $2.00 per transaction. emma usually has about $1000 in her account at any given time during the month. she usually visits the atm twice a week and is interested in banking online options. bank r has 10 atms within a 5 mile radius of emmas home. bank s has 1 atm 10 miles from emmas work. which bank should she choose? a. bank r b. bank s c. bank t d. bank r and s

Answer

Explanation:

Step1: Analyze account balance condition

Emma has about $1000 in her account monthly. All banks meet the balance - related requirements as Bank R has no minimum balance, Bank S has a $25 minimum balance (which Emma exceeds), and Bank T has no minimum balance.

Step2: Consider online banking need

Emma is interested in online banking. Bank T has no online banking options, so we can rule out Bank T.

Step3: Calculate monthly ATM fees

Emma visits the ATM twice a week. So in a month (approx. 4 weeks), she visits the ATM $2\times4 = 8$ times. For Bank R, the non - Bank R ATM fee is $2.00 per transaction, so the monthly ATM fee is $2\times8=16$ dollars. For Bank S, the non - Bank S ATM fee is $1.50 per transaction, so the monthly ATM fee is $1.5\times8 = 12$ dollars. But Bank S has only 1 ATM 10 miles from her work, which may be inconvenient. Bank R has 10 ATMs within a 5 - mile radius of her home.

Step4: Consider overall convenience and cost

Bank R has online banking, a reasonable number of nearby ATMs, and although its ATM fee is slightly higher than Bank S, the convenience of having many nearby ATMs outweighs the slightly higher cost.

Answer:

A. Bank R