Question

If $850 is deducted each month for 12 months from your checking account to pay your mortgage, what impact will it have on your checking account balance?

A) $10,200
B) $850
C) -$10,200
D) -$850

Answer 1

c -10,200

Explanation:

you multiply 850 by 12 for each month which is 10,200

then you add the negative symbol because that amount will come out of your checking

Answer 2

C) -$10,200

Explanation:

If a monthly deduction for a mortgage costs $850, yearly it will cost $10,200, Thus reducing your balance by $10,200 yearly