Question

For the first time customers, a bank will open an account with $25 included. This bank also charges a monthly $2.95 service fee on the account. Write an equation that shows the balance B after m months, assuming no other activity is made on the account. Find the balance in the account after 8 months.
Hate word problems! Could whoever that helps, show each step? Thanks!
Ms. Sue
B = 25 - (2.95 * 8)

1.4

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