Question

A college student is looking at her monthly checking account records. On September 1, 2008, her checking account held a balance of $1,050. At the end of March 2009, her checking account held a balance of $800. What is the monthly rate of change for the student’s checking account over the period September 1, 2008 through March 31, 2009?

A. -1,850/7
B. -250/7
C. 250/7
D. 1,850/7

Answer 1

A college student is looking at her monthly checking account records. On September 1, 2008, her checking account held a balance of $1,050. At the end of March 2009, her checking account held a balance of $800. The monthly rate of change for the student’s checking account over the period September 1, 2008 through March 31, 2009 is 250/7. The answer is letter C.