Question

After a number of months, a bank balance was –$46.83. Each month, the bank charges a $5.95 fee for having a negative balance. Write an inequality to determine at most how many months the fee was charged. Let x be how many months the fee was charged.

Can someone pls explain this to me and the answer also.

Answer 1

Answer: 7 months and 87 days

.
After a number of months, a bank balance was –$46.83
Charges applied/ month = $ 5.95
So, no of months charges applied = Bank balance/Charges applied
x = \frac{46.83}{5.95} x= 5.95
46.83
x = 7.87x=7.87
So no. of months charges is 7 months and 87 days.