Math Problem Statement

You must maintain a minimum balance of $50 in your checking account. You currently have a balance of $280. Write and solve an inequality that represents how many $20 bills you can withdraw from the account without going below the minimum balance.

Solution

The problem asks for an inequality to represent how many $20 bills you can withdraw from a checking account without going below the minimum balance of $50. You currently have $280 in the account.

Let's define the number of $20 bills you can withdraw as xx. Each $20 bill reduces the account balance by $20, so the amount you withdraw is 20x20x.

Inequality Setup:

You want to make sure that after withdrawing money, your balance is at least $50. The inequality for this is:

28020x50280 - 20x \geq 50

Now, let's solve this inequality:

Solving the Inequality:

  1. Subtract 50 from both sides: 28020x50280 - 20x \geq 50

    Subtract 50 from both sides: 28020x50280 - 20x \geq 50 23020x230 \geq 20x

  2. Divide both sides by 20: 23020x\frac{230}{20} \geq x 11.5x11.5 \geq x

Since xx must be an integer (you can't withdraw half a $20 bill), the maximum number of $20 bills you can withdraw is 11.

Final Answer:

You can withdraw up to 11 $20 bills without going below the minimum balance of $50.

Would you like further details, or do you have any questions?

Here are 5 related questions for practice:

  1. What would happen if the balance was $300 instead of $280?
  2. How would the inequality change if you could withdraw $50 bills instead?
  3. What if the minimum balance requirement was $100 instead of $50?
  4. How would you adjust the inequality if you had $10 bills instead of $20 bills?
  5. How does increasing the minimum balance affect the number of $20 bills you can withdraw?

Tip: Always check whether your answer makes sense in the context of the problem. In this case, since you can't withdraw a fraction of a $20 bill, it's important to round down to the nearest whole number.

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Math Problem Analysis

Mathematical Concepts

Algebra
Inequalities

Formulas

Inequality setup: 280 - 20x >= 50
Basic steps of solving inequalities

Theorems

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Suitable Grade Level

Grades 6-8