Question

Anthony has $11,600 in his account and earns $700 per month. He spends $8,000 on a car and has other expenses totaling $900 per month. How many months will go by before Anthony runs out of money?

Answer 1

Answer: 16 months

Explanation:

8000-11600=3600

700-900= -200monthly

200divide 3600= 16 months

Answer 2

216 Months

Explanation:

First find how much money he looses per month: 0+700-8000= -7300 on the first month. So 11600-7300=4300.

Then, he starts loosing $200 dollars per month because 900-700=200.

So 4300/20=215. So 215+1=216 months before Anthony runs out of money.