Monthly fee $5, check-processing fee of 20 cents, average of 32 checks written per month. Round the answer to the nearest cent.
Do you want a monthly or annual total?
11.40
To calculate the total monthly cost for writing checks, you need to consider both the monthly fee and the check-processing fee.
The monthly fee is $5.
The check-processing fee is 20 cents per check written. With an average of 32 checks written per month, you multiply 32 by 0.20 to find the total check-processing fee.
32 checks x $0.20/check = $6.40
To find the total monthly cost, you add the monthly fee to the check-processing fee:
$5 (monthly fee) + $6.40 (check-processing fee) = $11.40
So, the total monthly cost for writing checks is $11.40.