Olivia has $240 in her bank account. Each month, her bank deducts a $12.50 fee for maintaining a balance below $250. If Olivia makes no other deposits or withdrawals, how much money will be in her account at the end of five months.
Let's find the equatio first to represent this problem. 240-12.50x=y X is the number of months, and y is the remaining amount of money in her account. We're are looking for 5 months, so let's plug in 5 for x. 240-12.50(5)=y 240-62.5=y 177.50=y Olivia will have $177.50 at the end of five months.
