Question

Charles has 53290 in his bank account and makes automatic 5470 monthly payments on a utility bill if hestops making deposits to that account when would the automatic payments make the value of theaccount zero?The value of the account would be zero inmonths.

Answer 1

Answer

The amount in the account will be zero in about 10 months.

Explanation

Charles has 53290 in his bank account.

He makes 5470 monthly payments on utility bills.

If he pays keeps paying this, we are asked to find the number of months it will take for the value in the account be 0

Let the number of months be x

(5470) (x) = 53290

5470x = 53290

Divide both sides by 5470

(5470x/5470) = (53290/5470)

x = 9.74 months

So, the amount in the account will be zero in about 10 months.

Hope this Helps!!!