A checking account is set up with a initial balance $4,800, and $300 is removed from the account each month for rent. How many months will it take for the account balance to reach $1,500?

Answer 1

-The best way to solve this problem would be with an equation where 1500=4800-300x

-x represents the number of months it would take you to get from your starting balance of $4800 down to $1500 if you deduct $300 each month.

-To solve the equation, remember that first you want to get the 300x by itself on one side, so add 300x to both sides and you get:

1500+300x=4800

-Next, subtract 1500 from both sides and you get:

300x=3300

-Lastly, divide both sides by 300 in order to solve for x and you get:

x=11

-Therefore, the answer is: It would take you 11 months.