Timothy recorded the monthly change in his savings account balance, in dollars, for 8 months.
Month January February March April May June July August
Balance change
($)
−30 −15 55 40 −20 −45 −10 65
What is the average monthly change in Timothy's savings account balance?
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
Bones:
What's given in the problem.
Timothy recorded the monthly change in his savings account balance, in dollars, for 8 months
The monthly changes are -30, -15, 55,40,-20, -45, -10, and 65
How to solve
Calculate the average by summing the changes and dividing by the number of months.
Step 1 …Sum the monthly changes. -30+-15+55+40+-20+-45+-10+65=40
Step 2 …Divide the sum by the number of months (8). 40/8=5
Solution
The average monthly change in Timothy's savings account balance is $5
Bones:
Hope this helps
MAGABACK:
@bones wrote:
What's given in the problem.
Timothy recorded the monthly change in his savings account balance, in dollars, for 8 months
The monthly changes are -30, -15, 55,40,-20, -45, -10, and 65
How to solve
Calculate the average by summing the changes and dividing by the number of months.
Step 1 …Sum the monthly changes. -30+-15+55+40+-20+-45+-10+65=40
Step 2 …Divide the sum by the number of months (8). 40/8=5
Solution
The average monthly change in Timothy's savings account balance is $5