Randy, a student, has $96 to deposit in a new chequing account, but Randy knows he will not be able to maintain a minimum balance. He will not use an ATM card, but will write a large number of cheques. Randy is trying to choose between the unlimited check writing offered by South Trust and the low per-check fee offered by Sun Coast. How many checks would Randy have to write each month for the account at South Trust to be the better option?

(Hint. use the table to determine the best bank for Randy.)

For the account at South Trust Bank to be the better option, the number of checks Randy would need to write each month is ___

re al South Trust Bank Sun Coast Bank ATM charges: Home bank Free Free Other bank $1.02 per use $1.02 per use Checking: Minimum deposit $1 $1 Minimum balance required $500 N/A to avoid fees* Monthly fees $4.00 $2.00 Check-writing charges Unlimited Each cheque 25 cents * N/A means monthly fees annly irresnective of account balances Print Done