abbypoopsock abbypoopsock

22-08-2022
Mathematics

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Every month, Ms. Thomas pays her car loan through automatic payments (withdrawals) from her savings account. She pays the same amount on her car loan each month. At the end of the year, her savings account balance changed by −$2,931 from payments made on her car loan

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okpalawalter8 okpalawalter8

24-08-2022

The overall shift in Ms. Thomas's savings account balance is

x = -$1465.5

What is the overall shift in Ms. Thomas's savings account balance?

The amount that Ms. Thomas pays toward her automobile loan each month via her car payments is the "same" amount. The total amount that was due on the automobile loan at the end of the year

The total amount that was due on the automobile loan at the end of the year = -$2931

Change in Ms. Thomas' savings account each month

C = -2931/12

C= -$244.25

In conclusion, in order to compute the overall shift in Ms. Thomas's savings account balance as a result of making payments on her automobile loan over a period of six months, we will simply multiply the amount of one month by six:

x=-$244.25 x 6

x = -$1465.5

Read more about a savings account

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