124k views
5 votes
Account Problem: A checking account is set up with an initial balance of $4,800, and $300 is removed from the account each month for rent (no other transactions occur on the account). How many months will it take for the account balance to reach $1,500?

User Mubin
by
7.9k points

1 Answer

4 votes

Answer:

11 months

Explanation:

Variable x represents number of months

4800 - 300x = 1500

4800 = 1500 + 300x

4800 - 1500 = 300x

3300 = 300x

3300 ÷ 300 = x

11 = x

User Brad Collins
by
8.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories