Question:

Lisa is opening both a checking and savings account at her

Last updated: 6/23/2023

Lisa is opening both a checking and savings account at her

Lisa is opening both a checking and savings account at her local bank She deposits 50 000 into her checking account and 2 000 into he savings account She will be withdrawing funds from her checking account over the course of each year to pay bills at an average rate of 2 500 Her savings account earns interest continuously at a rate of 5 If B represents the balance of the account and t represents the time in years since the account was opened then which of the following systems of equations can be used to determine how long it will be before the balance in each account is equal OA OB OC OD B 50 000 2 500 B 2 000 100 B 50 000 2 500 B 2 000 0 05 B 50 000 2 500 B 2 000 0 05 B 50 000 2 000 B 2 500 05