Question

Paul has $35,000 in his savings account. Each month he spends $1,800. He adds no money to the accountWrite a linear equation to model how much money will be in his savings account after x months.

Answer 1

Step-by-step explanation: heres what u do

Calculate Accrued Amount (Principal + Interest) A = P(1 + r/n)nt

Calculate Principal Amount, solve for P. P = A / (1 + r/n)nt

Calculate rate of interest in decimal, solve for r. r = n[(A/P)1/nt - 1]

Calculate rate of interest in percent. R = r * 100.

Calculate time, solve for t.

Answer 2

19 months

Explanation: