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23 October, 00:01

Josh opened a savings account with $595.25. Every week, she withdraws $27.50 from her account. Steve opened a savings account with $147.25. Every week, he deposits $23.70 into his account. In about how many weeks will their savings in the bank be equal? Choose the most reasonable estimate.

A. 7 weeks

B. 9 weeks

C. 10 weeks

D. 15 weeks

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  1. 23 October, 00:46
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    B.) After 9 weeks their savings in the bank will be equal.

    Step-by-step explanation:

    Let us assume after m weeks, their savings in the bank will be equal.

    About Josh:

    The amount in the savings account initially = $595.25

    Amount withdrawn each week = $27.50

    So, the amount withdrawn in m weeks = m x (Amount withdrawn per week)

    = m x ($27.50) = 27.50 m

    ⇒ Money left in account = Initial money - Money withdrawn in m weeks

    = $595.25 - 27.50 m

    ⇒ After m weeks, money in Josh ' account is: $595.25 - 27.50 m ... (1)

    About Steve:

    The amount in the savings account initially = $147.25

    Amount deposited each week = $23.70

    So, the amount deposited in m weeks = m x (Amount deposited per week)

    = m x ($23.70) = 23.70 m

    ⇒ Total Money in account = Initial money + Money deposited in m weeks

    = $147.25 + 23.70 m

    ⇒ After m weeks, money in Steve's account is: $147.25 + 23.70 m ... (2)

    Also, after m weeks: Money in Josh's account = Money in Steve's account

    ⇒595.25 - 27.50 m = 147.25 + 23.70 m

    or, ⇒595.25 - 147.25 = 23.70 m + 27.50 m

    or, 448 = 51. 2 m

    or, m = 8.75 ≈ 9 ⇒ m = 9

    Hence, after 9 weeks their savings in the bank will be equal.
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