Question

Sydney bought a new computer and is paying it off with 12 automatic monthly payments (withdrawals) from her savings account. At the end of the year, her savings account balance changed by -$1,799.76 from the payments made on her computer. A. What is the change in Sydney's savings account balance each month due to her computer purchase?

Answer 1

change in saving account balance is -$149.98

Explanation:

The computation of the change in saving account balance is as follows;

= Total amount changed in the saving account balance ÷ number of monthly payments

= -$1,799.76 ÷ 12 monthly payments

= -$149.98

Hence, the change in saving account balance is -$149.98

The same is relevant