An overdraft balance occurs when the available balance in a bank account is below zero. Yvonne has an overdraft balance at the beginning of the year. The function graphed models Yvonne's account balance, y, in dollars, x weeks after the beginning of the year. Select True or False to describe each statement.
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★ Answer:-
→ False.
★ Explanation:-
→ False, since the x-intercept represents Yvonne's account balance at week 4, False; The Y-intercept represents the beginning of the year when Yvonne had -100 account balance, True. Y vonne is putting $ 25
dollars in her account every week. The slope is 1 . At week 4 Y vonne has a $ 0 balance.
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Answered by
1
The answers are False, True, and True.
The statements are given True or False as follows.
Statement 1
- This statement is False, as the x-intercept gives the week at which the account balance is 0.
- The account balance at the beginning of the year is given by the y-intercept.
Statement 2
- This Statement is True.
- The slope is given by the change in Account balance per week.
- Hence it is effectively the amount Yvonne deposits in her account which is in fact the change in the account balance,
Statement 3
- This Statement is True.
- 4 weeks after the beginning of the year, the account balance is 0.
- Hence there is no overdraft as an overdraft balance occurs when the balance is less than zero.
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