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Juan and Alex are both saving money for college. Juan saves $150 per month and currently has $2000 in the bank. Alex saves $250 per month and has only $1000 in the bank. Not cou…
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Juan and Alex are both saving money for college. Juan saves $150 per month and currently has $2000 in the bank. Alex saves $250 per month and has only $1000 in the bank. Not cou…
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Mar 16, 2018
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Juan and Alex are both saving money for college. Juan saves $150 per month and currently has $2000 in the bank. Alex saves $250 per month and has only $1000 in the bank. Not counting the interest they will earn, how many months will it take until both boys have saved the same amount of money?
• Let m represent the # of months it takes Juan and Alex to save the same amount of money
• Let A represent the amount of money they will have after m months.
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Ankit Chaurasia
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Let, m = months they take.
So, 2000 + 150m = 1000 + 250m
2000 - 1000 = 250m - 150m
100m = 1000
m = 1000 / 100
m = 10
Now, Money after 10th months = 2000 + 150(10) = $3500
Hope this helps!
Ronald Martin
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Mar 20, 2018
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Ronald Martin
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