Answer:
8 months
Step-by-step explanation:
Given that:
Amount of money present in the bank account = $2,571.68
Automatic monthly rental payments for car loan = $321.46
Any deposits in the bank account are stopped.
To find:
The number of months taken so that the automatic payments make the value of the account as zero?
Solution:
Let the number of months taken to make the value of the account zero = months
To find the value of , we need to divide the total amount initially present in bank account with the monthly rental payment amount.
Therefore, the equation to find the value of , can be written as:
On solving the above equation, we get the value as following:
months