Q:

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?

Accepted Solution

A:
20 months have passed since Laura retired.Step-by-step explanation:Given, Amount saved by Laura = $493133.00One month expense = $1695.00x months expense = 1695xRemaining balance = $459233.00Total amount spent = Amount saved by Laura - Remaining balanceTotal amount spent = 493133.00 - 459233.00Total amount spent = $33900x months expense = 339001695x = 33900[tex]x=\frac{33900}{1695}\\x=20[/tex]20 months have passed since Laura retired.Keywords: subtraction, divisionLearn more about subtraction at:brainly.com/question/4847829brainly.com/question/4924817#LearnwithBrainly