Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Scott has $500 in the bank. He withdraws the same amount of money each week for 12 weeks, at which point he has $20 left in the bank. How much money did he withdraw each week?

Sagot :

AL2006
Scott knew that the only chance we would have to answer this problem would be if he kept his money in a bank that pays no interest, so that's what he did.  The bank simply stored his money in a mayonnaise jar under a tightly-guarded mattress, and he was allowed to come in and take some out of it each week.

He started with $500. He withdrew (500 - 20) = $480 in 12 weeks.

So he must have come in and picked up 480/12 = $40 each week.