Question

Jessica has $600 in her checking account and withdraws $50 per week to pay for her groceries. How long will it take for her to have no money left in her checking account?

a) 10 weeks
b) 11 weeks
c) 12 weeks
d) 13 weeks

Answer 1

It will take Jessica 12 weeks to deplete her checking account if she withdraws $50 per week for groceries, as $600 divided by $50 per week equals 12 weeks.

Step-by-step explanation:

Jessica currently has $600 in her checking account, and she plans to withdraw $50 per week to cover her grocery expenses. To understand how long it will take for her account balance to reach zero, we need to perform a simple calculation. By dividing the total amount in her account by the weekly withdrawal amount, we can determine the number of weeks before the funds are depleted.

Here's the calculation:

1. Total amount in the checking account: $600
2. Weekly withdrawal amount: $50
3. Duration in weeks until the balance is zero: $600 / $50 per week = 12 weeks

So, the answer to the question is that it will take 12 weeks for Jessica to have no money left in her checking account if she withdraws $50 each week for groceries. This fits the options provided, making option c) the correct answer.

Understanding how to manage money and calculate expenses over time is an important skill in personal financial planning. This example illustrates a straightforward case of dividing a total sum by a regular withdrawal amount to determine how long funds will last, which is a useful skill in budgeting and financial management.