Question

Isabelle has $1520 in her bank account and makes automatic $760 monthly payments on a home loan. If she stops making deposits to that account, when would the automatic payments make the value of the account zero?

Answer 1

Answer:

After 2 months

Step-by-step explanation:

Isabelle has $1520 in her bank account and she makes automatic $760 monthly payments on a home loan.

If she stops making deposits to that account, then a monthly $760 will be deducted from her account.  

After 1 month the balance in her account will become $[ 1520 - 760 ] = $760 and then after 2 months the balance will become $[ 760 - 760 ] = $0

Therefore, after 2 months her account will have zero balance. (Answer)