Laura retired from her job recently, and she has saved about $493,133.00 over the course of her career. She plans to withdraw $1,695.00 each month to pay for living expenses. After a certain amount of time, the balance in Laura's account is $459,233.00. How many months have passed since Laura retired?

Respuesta :

20 months have passed since Laura retired.

Step-by-step explanation:

Given,

Amount saved by Laura = $493133.00

One month expense = $1695.00

x months expense = 1695x

Remaining balance = $459233.00

Total amount spent = Amount saved by Laura - Remaining balance

Total amount spent = 493133.00 - 459233.00

Total amount spent = $33900

x months expense = 33900

1695x = 33900

[tex]x=\frac{33900}{1695}\\x=20[/tex]

20 months have passed since Laura retired.

Keywords: subtraction, division

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