Question

Abel opened a bank account He deposited 563 50 into his account every month for 20 months He used $40 50 every month to pay for comic books After120 months, he used 2 of the total money left in his account to go to a comic book convention What is the total amount of money Abel spent to go to the convention? Select one

a $230.00
b $248.00
c $460.00
d $920.00​

Answer 1

Abel deposited $563.50 monthly for 20 months and spent $40.50 each month on comic books. After 20 months, the remaining balance was $10,460. He used half of this amount to attend a comic book convention, totaling $5,230.

Step-by-step explanation:

The question asks us to calculate the total amount of money Abel spent to go to a comic book convention. Abel deposited $563.50 into his account every month for 20 months, and every month, he used $40.50 to pay for comic books.

The total deposited over 20 months is:

1. $563.50 × 20 = $11,270.

The total spent on comic books over 20 months is:

1. $40.50 × 20 = $810.

So, the remaining amount in the account after 20 months is ×:

1. $11,270 - $810 = $10,460.

Abel then used 2 of the total money left in his account to go to a comic book convention:

1. $10,460 ÷ 2 = $5,230.

Therefore, the total amount of money Abel spent to go to the convention is $5,230.