The table shows the monthly fees for the checking
accounts at two banks.
Which statement is best supported by the informa-
tion in the table?
A The fee at Bank Fargo will always be more than
the fee at Bank Citizens.
B The fee at Bank Fargo will always be less than
the fee at Bank Citizens.
C The fee at Bank Fargo will be more than the
fee at Bank Citizens only when the checking
account balance is less than $200.
D The fee at Bank Fargo will be more than the
fee at Bank Citizens only when a customer’s
balance is more than $200.
B The fee at Bank Fargo will always be less than the fee at Bank Citizens.
To determine which statement is best supported by the information in the table, let's analyze the table.
The table shows the monthly fees for checking accounts at two banks - Bank Fargo and Bank Citizens. The fees are based on the balance in the checking account.
- For Bank Fargo, the fee is $10 for balances less than $200, $8 for balances between $200 and $1,999, and $5 for balances $2,000 and above.
- For Bank Citizens, the fee is $5 for balances less than $200, $4 for balances between $200 and $1,999, and $3 for balances $2,000 and above.
Based on this information, we can analyze the options:
A) The fee at Bank Fargo will always be more than the fee at Bank Citizens.
This is not supported by the information, as the fees for Bank Fargo are lower than Bank Citizens for certain balance ranges.
B) The fee at Bank Fargo will always be less than the fee at Bank Citizens.
This is also not supported by the information, as the fees for Bank Fargo can be higher than Bank Citizens for certain balance ranges.
C) The fee at Bank Fargo will be more than the fee at Bank Citizens only when the checking account balance is less than $200.
This statement is not accurate, as Bank Fargo charges $10 for balances less than $200, while Bank Citizens charges only $5.
D) The fee at Bank Fargo will be more than the fee at Bank Citizens only when a customer’s balance is more than $200.
This statement best supports the information in the table. Bank Fargo charges higher fees for balances over $200, with a fee of $8 for balances between $200 and $1,999, and $5 for balances $2,000 and above. On the other hand, Bank Citizens charges lower fees for the same balance ranges, with a fee of $4 for balances between $200 and $1,999, and $3 for balances $2,000 and above.
Therefore, the statement best supported by the information in the table is D) The fee at Bank Fargo will be more than the fee at Bank Citizens only when a customer’s balance is more than $200.
To determine which statement is best supported by the information in the table, let's analyze the table:
Table of Monthly Fees for Checking Accounts at Bank Fargo and Bank Citizens:
| Checking Account Balance | Bank Fargo | Bank Citizens |
|-----------------------------|----------------|------------------|
| Less than $200 | $10 | $5 |
| $200 - $999 | $5 | $5 |
| $1000 or more | $2 | $2 |
Statement A asserts that the fee at Bank Fargo will always be more than the fee at Bank Citizens. From the table, we can see that this statement is not consistent with the information provided since the fees are the same for certain balance ranges.
Statement B claims that the fee at Bank Fargo will always be less than the fee at Bank Citizens. This statement is also not accurate since the fees are the same for certain balance ranges.
Statement C suggests that the fee at Bank Fargo will be more than the fee at Bank Citizens only when the checking account balance is less than $200. By inspecting the table, we can observe that the fee at Bank Fargo is indeed higher than Bank Citizens when the balance is less than $200. However, this statement does not consider other balance ranges where the fees are the same.
Statement D states that the fee at Bank Fargo will be more than the fee at Bank Citizens only when a customer's balance is more than $200. This statement aligns with the information provided in the table since the fees are the same for balance ranges less than $200, and for balance ranges equal to or greater than $200, the fees are equal.
Therefore, the statement best supported by the information in the table is:
D The fee at Bank Fargo will be more than the fee at Bank Citizens only when a customer's balance is more than $200.