Question

Samuel withdraws $5,000 $ 5,000 each month from his bank account to finance his new business. His account had an initial balance of $325,000. $ 325,000 . After how many months will his balance be $175,000 $ 175,000 if he makes no deposits to the account? Enter your answer as a whole number of months, like this: 42

Answer 1

$\text{Find how many month it'll take to reach 175k}\\\\\text{We know he had a initial balance of 325k}\\\\\text{He withdraws 5k each month}\\\\\text{If you logically think about it, if you subtract 325,000 by 175,000,}\\\text{you would be taking 150,000 from your account \\}\\\text{Since we know this, just divide 150,000 by 5,000}\\\\150,000\div5,000=30\\\\\text{It would take 30 months}\\\\\boxed{\text{30 months}}$