Question

A bank charges a service fee of $7.50 per month for a checking account.

A bank account has $85.00. If no money is deposited or withdrawn except the service charge, how many months until the account balance is negative

Answer 1

its 12 not 11.33

Explanation:

Answer 2

11.33months

Explanation:

if no money is deposited or withdrawn from the account , months taken before the balance is negative

= balance/monthly charge

= $85.00/$7.50

= 11.33 months

It’ll take 11.33 months before the account balance is negative