Question

Cindy deposited $350 into a savings account. As long as the account balance remains at or above $200, she does not have to pay a service fee for the account. For how long can she withdraw $30 a month without having to pay service fees? A) 5 months B) 6 months C) 7 months D) 8 months E) 9 months

Answer 1

5 months

Explanation:

Cindy deposited $350 into a savings account

The acct balance remains above $200

We are required to find the number of months that it will take to $30 a month

Let y represent the number of months

y × 30 < 350-200

30y < 150

Divide both sides by the coefficient of y which is 30

30y/30 < 150/30

y < 5

Hence the number of months required is 5 months