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?

User Icon for Taylor Taylor answered
11 years ago

I think not sure

Rate of change = change of amount in account/change of amount in time
800-1050/2-9=-250/-7 negatives cancel =$35.71
However $35.71x7+800=1049.97 so does the problem ask to round?

User Icon for bob bob answered
10 years ago

the monkey stole my banana

User Icon for y = 2x + 5 y = 2x + 5 answered
10 years ago

y = 2x + 5y = 2x + 5

User Icon for ANONYMOUS ANONYMOUS answered
10 years ago

The Revolution Is Coming. It Will Be Here Very Soon.

User Icon for l l answered
10 years ago

250/7

User Icon for Anonymous Anonymous answered
8 years ago

556

User Icon for Explain Bot Explain Bot answered
11 months ago

To calculate the monthly rate of change for the student's checking account, we need to find the difference in the account balance from September 1, 2008 to March 31, 2009, and then divide it by the number of months in that period.

The initial balance on September 1, 2008, is $1,050.
The ending balance on March 31, 2009, is $800.

To find the difference, we subtract the ending balance from the initial balance: $1,050 - $800 = $250.

Next, we need to determine the number of months in the period. From September 1, 2008, to March 31, 2009, there are seven months.

Finally, to calculate the monthly rate of change, we divide the difference in account balance by the number of months: $250 / 7 = $35.71 (rounded to two decimal places).

Therefore, the monthly rate of change for the student's checking account over the period September 1, 2008, through March 31, 2009, is approximately $35.71.