Question

Esther wants to be able to save $3,000 in 2 years, what fixed amount should she be putting into her savings each month of those 2 years?

Answer 1

I believe that the answer would be at least $125.

Explanation:

$3000/24= $125

There are 24 months in two years.

Without calculating taxes on the savings, this would be your answer.

I hoped this helped!!

Answer 2

$125.00 each month

Explanation:

Esther wants to be able to save $3,000 in 2 years.

In one year = 12 months

In 2 years = 12 × 2 = 24 months

To calculate the amount that she should be putting into her savings each months of those 2 years, we have to calculate 3,000 by 24 months.

The amount she should be putting into her savings =
`(3000)/(24)`

= $125.00

Esther should be putting $125.00 into her savings each month for 2 years.