Problem 3 A bank charges a service fee of $7.50 per month for a checking account. A bank account has $85.00. If no money is deposited or withdrawn except the service charge, how many months until the account balance is negative

Respuesta :

Answer:

12 months

Step-by-step explanation:

85-7.50x

At 11 months, the charges will add up to $82.50, so you know what after 12 months the account will be in the negative. At 12 months, the charges will be at $90, which means the account will have a balance of -$5

It will take 11.33 months before the account balance is negative

Given that,

A bank charges a service fee of $7.50 per month for a checking account.

A bank account has $85.00. If no money is deposited or withdrawn except the service charge.

We have to determine,

How many months until the account balance is negative.

According to the question,

A bank charges a service fee of $7.50 per month for a checking account.

A bank account has $85.00.

If no money is deposited or withdrawn from the account , months taken before the balance is negative.

Therefore,

The account balance is negative until months is,

[tex]= \dfrac{balance}{monthly \ charges}\\\\= \dfrac{85.00}{7.50}\\\\= 11.33 \ months[/tex]

 Hence, It will take 11.33 months before the account balance is negative.

To know more about Multiplication click the link given below.

https://brainly.com/question/2311804