Answer:
Step-by-step explanation:
Givens
- Tha bank takes out $0.25 each month. This means the constant ratio of variatio is 0.25 and has to be negative, because it represents a decreasing ratio.
- After 8 months, you had $28.
So, basically, we need to think this from a linear model persepective, where the given point is and the slope of the line that represents it is .
Then, we recur to the point-slope formula
, where and , replacing these values, we have
Where is BALANCE and is MONTHS. So,
Therefore, the right answer is the choice at the upper right corner