Question

Cameron opens a checking account and a savings account at his local bank. He deposits $10,000 into his checking account and $2,000 into his savings account. He will withdraw $1,200 from his checking account each year. His savings account earns 8% interest each year. In how many years will both accounts have the same balance?

a. 5.5 years
b. 5.6 years
c. 5.7 years
d. 5.8 years

Answer 1

help please