# SOLUTION: I'm not entirely sure how to set this up. You have \$22 in your bank account and deposit \$11.50 each week. At the same time, your cousin has \$218 but is withdrawing \$13 each week.

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: I'm not entirely sure how to set this up. You have \$22 in your bank account and deposit \$11.50 each week. At the same time, your cousin has \$218 but is withdrawing \$13 each week.      Log On

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 Click here to see ALL problems on Money Word Problems Question 565775: I'm not entirely sure how to set this up. You have \$22 in your bank account and deposit \$11.50 each week. At the same time, your cousin has \$218 but is withdrawing \$13 each week. When will your accounts have the same balance? How much money will you have after twelve weeks? Do I use the I=rt formula?Answer by ankor@dixie-net.com(16524)   (Show Source): You can put this solution on YOUR website!You have \$22 in your bank account and deposit \$11.50 each week. At the same time, your cousin has \$218 but is withdrawing \$13 each week. When will your accounts have the same balance? How much money will you have after twelve weeks? Do I use the I=rt formula? : No, just a little logic : let w = no. of weeks to have the same balance 11.50w + 22 = 218 - 13w 11.50w + 13w = 218 - 22 24.5w = 196 w = w = 8 weeks to be equal : : "How much money will you have after twelve weeks?" You can do this t = total\$ t = 11.50(12) + 22