The expression 150x−4.99x represents the monthly balance change.
What are accounts?
Assets, liabilities, income, expenses, and equity that are represented by individual ledger sheets and whose values change over time are chronologically recorded with debit and credit entries collectively referred to as accounts.
These entries, sometimes known as posts, are added to a ledger or book of final entries.
It is given that the initial account balance is $1200, The expression 150x represents the deposit and 4.99x represents the monthly fees.
The final balance in an account that has a monthly fee and automatic monthly deposits is given by the expression 150x−4.99x+1200.
It is concluded that the expression 150x−4.99x represents the monthly balance change.
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