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24 December, 17:16

Jenna has $1500 in a savings account. She adds $30 to her account each month. Luis has $2400 in his savings account. He withdraws $30 from his account each month. a. In how many months will they have the same balance in their savings accounts

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  1. 24 December, 19:57
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    15 months

    Explanation:

    Jenna's account balance = $1500

    Addition to account for x number of months = $30

    Total deposits = 30x

    Luis's account balance = $2400

    Withdrawal from the account for x number of months = $30

    Total withdrawal = - 30x

    For both accounts to be the same

    1500 + 30x = 2400 - 30x

    30x + 30x = 2400 - 1500

    60x = 900

    x = 900/60

    x = 15

    In 15 months, the savings accounts of both of them will have the same balance.
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