Essay
Lorenzo is considering two banks for his checking account.Suny Bank requires a minimum deposit of $100,charges a monthly fee of $8,plus 5 cents a check.Merchants Bank also requires a minimum deposit of $100,charges no monthly fee,but a per check charge of 15 cents.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
Correct Answer:

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