Tina wants to open a savings account. Bank A requires a $100 deposit to open the account and requires a minimum deposit of $50 a month. Bank B requires a $250 deposit to open the account and requires a minimum deposit of $20 a month.

If Tina were to make the minimum monthly deposits in each account, enter the number of months it would take for both accounts to have the same amount of money.

Question

Tina wants to open a savings account. Bank A requires a $100 deposit to open the account and requires a minimum deposit of $50 a month. Bank B requires a $250 deposit to open the account and requires a minimum deposit of $20 a month.

If Tina were to make the minimum monthly deposits in each account, enter the number of months it would take for both accounts to have the same amount of money.

BeautyQueen · Answer

So how you solve it is 100 + 50m = 250 + 20m then you will Subtract 100 from both sides to eliminate it from the equation 50m=150 + 20m After that you
Subtract 20m from both sides to eliminate it from the equation, as well
30m=150
Divide both sides by 30 to eliminate it
m=5 so the answer is 5

pup · Answer

umm ima say 5

BeautyQueen · Answer

@pup wrote:

umm ima say 5

Ya it is the answer but we aren't allowed to just say it no more admin said we gotta explain why its the answer

pup · Answer

cuz i say so

BeautyQueen · Answer

@pup wrote:

cuz i say so

Chil im not finna argue with u if u give a answer show u work or they might think u wrong and when u get banned for givin answers don't go cryin have a good day ☺

BeautyQueen · Answer

Blocked

Phantomdex · Answer

Alright so first for Bank A, the amount after m months would be 100 + 50m.
Next, we move on to Bank B, the amount after m months would be 250 + 20m.
Then after that, we set the two amounts equal to each other: 100 + 50m = 250 + 20m.
Lastly, we'll solve for m: 50m - 20m = 250 - 100, 30m = 150, m = 5.
Which should be your answer.