Question

Four years ago, ab tools had an extra $1100 it did not currently need so the firm deposited the $1100 in a new savings account. three years ago, the firm withdrew $300. last year, the firm deposited $800 into the account. today, the account is worth $1,600 and the firm is withdrawing the entire balance. which statement correctly defines a portion of the time line for the account?

Answer 1

The time line for the account can be defined as four years ago deposited $1,100, three years ago withdrew $300, last year deposited $800, and today the account is worth $1,600 and being fully withdrawn.

Step-by-step explanation:

The time line for the account can be defined as follows:

Four years ago:

• Deposited $1,100 in the new savings account

Three years ago:

• Withdrew $300 from the account

Last year:

• Deposited $800 into the account

Today:

• Account is worth $1,600
• Withdrawing the entire balance

So, the time line for the account can be summarized as:

1. Four years ago: Deposited $1,100
2. Three years ago: Withdrew $300
3. Last year: Deposited $800
4. Today: Account worth $1,600, Withdrawing all