SOLUTION: A​ student's savings account has a balance of ​$5600 on September 1. Each​ month, the balance declines by ​$650. Let B be the balance​ (in dollars) at

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A​ student's savings account has a balance of ​$5600 on September 1. Each​ month, the balance declines by ​$650. Let B be the balance​ (in dollars) at      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1131238: A​ student's savings account has a balance of ​$5600 on September 1. Each​ month, the balance declines by ​$650. Let B be the balance​ (in dollars) at t months since September 1.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
The linear equation has a slope of -650
y=5600-650t, where t is the number of months after August 31
when t=9 y will be negative and the savings account will be empty
t=8 months (end of April) the savings account will have $400 left.