Question

"Cassandra has $2000 dollars in a bank account that she uses to make automatic $900.01 mortgage payments each month. If Cassandra stops making deposits to that account, when would automatic payments make the value of the account zero? Use a table to estimate the solution. What are the functions? Write them below:

f(x) =
g(x) ="

Answer 1

It would take approximately 3 months for the account balance to reach zero.

Step-by-step explanation:

To find out when the value of the account would reach zero, we can set up an equation.

Let x represent the number of months since the last deposit. The equation would be: 2000 - 900.01x = 0

Solving this equation will give us the value of x, which represents the number of months it would take for the account balance to be zero. Let's solve it:

1. Subtract 2000 from both sides: -900.01x = -2000
2. Divide both sides by -900.01: x = 2.222

Rounded to the nearest whole number, it would take approximately 3 months for the account balance to reach zero.