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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
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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 รท 300 = x

11 = x

User Brad Collins
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