The total number of checks that a family needs to write in a year is 120. The number of checks in a year is a product of the number of checks in a month and the number of months in a year.
What are the different modes of bill payment?
The bills signify a liability of a person towards the expenses he/ she has incurred. Settlement of a bill can be through cash, check, online modes such as debit card, credit card, mobile wallets, and other modes.
A check refers to a document that is raised by the maker ordering the bank to pay a certain sum written on the check to the person on whose name the check has been drawn.
The number of checks in a month is 10.
We know that,
There are 12 months in a year.
Therefore total checks in a year are:
[tex]\begin{aligned} \rm Number\:of\:checks\:in\:a\:year &= \rm Number\:of\:checks\:in\:a\:month \times 12\\\\&= 10 \times 12\\\\&= 120 \:\rm checks\end[/tex]
Therefore the checks they need to write in a year are 120 checks.
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