Question

Olivia has $240 in her bank account. Each month, her bank deducts a $12.50 fee for maintaining a balance below $250. If Olivia makes no other deposits or withdrawals, how much money will be in her account at the end of five months?

Answer 1

Answer:

$177.50

Step-by-step explanation:

Let's find the equatio first to represent this problem.

240-12.50x=y

X is the number of months and y is the remaining amount of money in her account.

We are looking for 5 months, so let's plug in 5 for x.

240-12.50(5)=y

240-62.5=y

177.50=y

Olivia will have $177.50 at the end of 5 months.

HOPE MY ANSWER IS CORRECT