B) Deposit $270 in the first week and withdraw $20 in the second week.
C) Deposit $20 in the first week and withdraw $250 in the second week
D) Deposit $250 in the first week and withdraw $20 in the last week.
I don't get this pls help me!!!
The combination of a deposit and a withdrawal will result in a zero balance in Ann's account is
A) Deposit $20 in the first week and withdraw $270 in the second week.
A savings account is a basic type of financial product that allows you to deposit your money and typically earn a modest amount of interest. These accounts are federally insured up to $250,000 per account owner and offer a safe place to put your money while earning interest.
Given that, Ann is opening a new savings account with an initial deposit of $250, we need to find the combination of a deposit and a withdrawal will result in a zero balance in Ann's account,
So, if Ann deposit $20 in first week the account balance = 250+20 = $270
Now, since the amount in her account is $270, so to make it zero, she should withdraw all the amount i.e. $270
Hence, the combination of a deposit and a withdrawal will result in a zero balance in Ann's account is
A) Deposit $20 in the first week and withdraw $270 in the second week.
Learn more about saving accounts, click;
#SPJ3