Problema Solution
Write a linear equation and solve:
Laura retired from her job recently, and she has saved about $327,273.00 over the course of her career. She plans to withdraw $ 1,673.00 each month to pay for living expenses. After a certain amount of time, the balance in Laura's account is $269,978.00. How many months have passed since Laura retired?
Answer provided by our tutors
BALANCE=269978 total savings=327273 expenditure=savings-balance=57295, withdrawl per month=1673
no. of months=expenditure/per month withdrawl=34.246 months