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 If no money is deposited or withdrawn except the service charge, how many months until the account balance is negative

Question

Mathematics

Melvin Duffy

3 March, 09:41

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 If no money is deposited or withdrawn except the service charge, how many months until the account balance is negative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)

Know the Answer?

Brynn Hardin · Answer 1

11.33months

Step-by-step explanation:

if no money is deposited or withdrawn from the account, months taken before the balance is negative

= balance/monthly charge

= $85.00/$7.50

= 11.33 months

It'll take 11.33 months before the account balance is negative

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 If no money is deposited or withdrawn except the service charge, how many months until the account balance is negative

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 If no money is deposited or withdrawn except the service charge, how many months until the account balance is negative