Lorenzo Is Deciding Between Two Banks for His Chequing Account

Multiple Choice

Lorenzo is deciding between two banks for his chequing account.Thrift Bank requires a minimum deposit of $100,charges a monthly fee of eight dollars,plus $0.50 per cheque.Merchants Bank also requires a minimum deposit of $100,charges no monthly fee,but charges $1.00 per cheque.How many cheques would Lorenzo need to write each month to make Thrift Bank less expensive to use than Merchants Bank?

A) 16 cheques
B) 8 cheques
C) 24 cheques
D) 12 cheques