From an Analysis on Its Deposits,a Bank Determines That Account

Multiple Choice

From an analysis on its deposits,a bank determines that account processing and other operating expenses cost the bank $3.95 per month.It has also determined that non-operating expenses on its deposits are $1.35 per month.The bank wants to have a profit margin which is 10 percent of monthly costs.What monthly fee should the bank charge on its deposit accounts?

A) $5.30 per month
B) $3.95 per month
C) $5.83 per month
D) $5.70 per month
E) None of the options is correct