Problem 3 A bank charges a service fee of $7.50 per month for a checking account. A bank account has $85.00. If no money is deposited or withdrawn except the service charge, how many months until the account balance is negative

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Mathematics

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17 June, 00:07

Problem 3 A bank charges a service fee of $7.50 per month for a checking account. A bank account has $85.00. If no money is deposited or withdrawn except the service charge, how many months until the account balance is negative

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Answers (1)

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Kingston · Answer 1

12 months

Step-by-step explanation:

85-7.50x

At 11 months, the charges will add up to $82.50, so you know what after 12 months the account will be in the negative. At 12 months, the charges will be at $90, which means the account will have a balance of - $5