To determine the best checking account for Bryna based on her requirements, we need to analyze the options given in the table and her situation:
1. Minimum Balance:
- Bryna has [tex]$300$[/tex] to open a checking account.
- Let's look at the minimum balance requirements:
- Account A requires a minimum balance of [tex]$500$[/tex].
- Account B requires a minimum balance of [tex]$250$[/tex].
- Account C requires a minimum balance of [tex]$50$[/tex].
2. Monthly Fees:
- Account A charges a monthly fee of [tex]$5$[/tex].
- Account B charges a monthly fee of [tex]$10$[/tex].
- Account C has a [tex]$0 monthly fee with direct deposit.
3. Other Considerations:
- Bryna does not plan on using ATMs.
- Bryna's employer offers direct deposit.
With these points in mind, let's evaluate which account is the best:
Account A:
- Minimum balance: $[/tex]500[tex]$ (Bryna has $[/tex]300[tex]$, which is not enough to meet this requirement).
- Monthly fee: $[/tex]5[tex]$.
Since Bryna cannot meet the $[/tex]500[tex]$ minimum balance for Account A, this option is not suitable.
Account B:
- Minimum balance: $[/tex]250[tex]$ (Bryna has $[/tex]300[tex]$, which is enough to meet this requirement).
- Monthly fee: $[/tex]10[tex]$.
Bryna can meet the $[/tex]250[tex]$ minimum balance for Account B. However, the monthly fee is $[/tex]10[tex]$.
Account C:
- Minimum balance: $[/tex]50[tex]$ (Bryna has $[/tex]300[tex]$, which is enough to meet this requirement).
- Monthly fee: $[/tex]0[tex]$ with direct deposit.
Bryna can meet the $[/tex]50[tex]$ minimum balance for Account C, and with direct deposit, she will not be charged a monthly fee.
Based on Bryna's savings of $[/tex]300$, the most suitable account that incurs the least amount of fees is:
Account C.
Therefore, Bryna should choose Account 3.
