Olivia has $240 in her bank account. Each month, her bank deducts a $12.50 fee for maintaining a balance below $250. If Olivia m

Question

sergey [27]

2 years ago

15

Olivia has $240 in her bank account. Each month, her bank deducts a $12.50 fee for maintaining a balance below $250. If Olivia m

akes no other deposits or withdrawals, how much money will be in her account at the end of five months.

Mathematics

2 answers:

Vikentia [17] · Answer 1 · 2022-07-22T01:08:15+03:00

Vikentia [17]2 years ago

8 0

Olivia will have $177.50 in the end of five months after all fees.

lukranit [14] · Answer 2 · 2022-07-22T02:45:48+03:00

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're 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 five months.