Question

15. Bradford opens a savings account with an initial deposit of $4,000. Each month, he withdraws $500 from the account. Let m represent the number of months that makes the $500 withdrawal. How many months will it take to deplete the account?

Answer 1

8 months

Explanation:

They have $4,000

They are taking out $500 per month (consistent rate of change)

Divide the amount being withdrawn by the total amount of money in the account.

4,000/500=8

Therefore, in 8 months, the bank account will be depleted.