Question

I opened a grocery account at my bank with 100. Every week thereafter, I withdraw60 from the account to pay for groceries. How much money will be left in the account after 4 weeks?

1) $40
2) $20
3) $10
4) $0

Answer 1

After 4 weeks of withdrawing $60 per week for groceries, the student's account would be overdrawn, with $0 left, since the total amount withdrawn exceeds the initial $100 balance.

Step-by-step explanation:

To determine how much money will be left in the grocery account after 4 weeks, we simply need to calculate the total amount withdrawn and subtract it from the initial balance. The student started with $100 in the account and withdraws $60 each week for groceries. After 4 weeks, they would have withdrawn a total of 4 weeks x $60/week = $240.

Since the student only started with $100, this means that after 4 weeks, the account would be overdrawn (the student would have spent more than what was in the account). Therefore, the correct answer is 4) $0, because the student would need at least $240 for the grocery expenses over the 4 weeks, but they started with only $100.