Question

Help me pls

every month, ms. hughes pays her car loan through automatic payments (withdrawals) from her savings account. she pays the same amount on her car each month. at the end of the year, her savings account balance changed by -$2,940 from payments made on her car loan.

1. What is the change in ms. hughes's savings account balance each month due to her car payment? show your work or explain your reasoning.

2. What is the total change in ms. hughes's savings account balance after making six monthly payments on her car loan? show your work or explain your reasoning.

Answer 1

Answer:Answer: -$1465.5

Explanation:

Ms. hughes pays the 'same' amount as her car loan each month through car payments.

Total amount payed at the end of the year for car loan = -$2931

Change in Ms. Thomas' savings account each month (with respect to car loan) =

-2931/12 = -$244.25

So, to to calculate the total change to Ms. Thomas's savings account balance after paying for car loan for six months, we will simply multiply one month's amount with 6:

-$244.25 x 6 = -$1465.5

Answer 2

1. To find the change in Ms. Hughes's savings account balance each month due to her car payment, we can divide the total change in her savings account balance by 12 (since there are 12 months in a year).

So, -$2,940 ÷ 12 = -$245

This means that every month, Ms. Hughes pays $245 towards her car loan through automatic payments from her savings account.

2. If we assume that Ms. Hughes makes the same payment of $245 each month for six months, we can find the total change in her savings account balance during those six months by multiplying this amount by 6:

-$245 × 6 = -$1,470

Therefore, after making six monthly payments on her car loan of $245 each through automatic withdrawals from her savings account, Ms. Hughes's total decrease in savings would be $1,470.

I hope this helps!