Question

After a number of months, a bank balance was –$46.83. Each month, the bank charges a $5.95 fee for having a negative balance. Write an inequality to determine at most how many months the fee was charged. Let x be how many months the fee was charged.

Answer 1

After a number of months, a bank balance was –$46.83

Charges applied/ month = $ 5.95

So, no of months charges applied = Bank balance/Charges applied

$x = \frac{46.83}{5.95}$

$x = 7.87$

So no. of months charges is 7 months and 87 days.

Answer 2

Answer:

After a number of months, a bank balance was –$46.83

Charges applied/ month = $ 5.95

So, no of months charges applied = Bank balance/Charges applied

x = \frac{46.83}{5.95} x=

5.95

46.83

x = 7.87x=7.87

So no. of months charges is 7 months and 87 days.