Final answer:
Ebony's bank balance first reached $400 on Day 4 and the last day her balance was $400 was Day 8. Her initial balance was $400 on Day 4 and remained constant until Day 8.
Step-by-step explanation:
Based on the information given, Ebony's bank balance first reached $400 on Day 4 and the last day her balance was $400 was Day 8.
From Day 4 to Day 8, her balance remained constant at $400. This means that Ebony's initial balance was $400 on Day 4 and remained constant until Day 8. Therefore, the correct option is A. Ebony's initial balance was $400 on Day 4 and remained constant until Day 8.