SOLUTION: The balance in a student's bank account is $1,200. Each month the student withdraws $140. A. What is the change in the account balance after 7 months? B. What is the balance in th

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The balance in a student's bank account is $1,200. Each month the student withdraws $140. A. What is the change in the account balance after 7 months? B. What is the balance in th      Log On

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Question 1138700: The balance in a student's bank account is $1,200. Each month the student withdraws $140. A. What is the change in the account balance after 7 months?
B. What is the balance in the account after 7 months?

Found 2 solutions by josgarithmetic, greenestamps:
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
The charge of the account depends on the penalty fee and at what balance limit, which you did not say.

ONLY if no penalty fee, total withdrawn would be 980 dollars.

Answer by greenestamps(13200) About Me  (Show Source):
You can put this solution on YOUR website!


A. The change in 7 months is 7*$140 = $980.

B. The balance after 7 months is $1200-$980 = $220.