Question

nicki just purchased a preowned car for $5,999.00. She had an unknown balance in her savings account when she began sabing for the car. SHe saved $265.00 a month for 18 months in order to accumulate the funds necessary to make the purchase. How much money did nicki have in her account after saving for 7 months

Answer 1

Answer:3,084

Explanation:

5999.00/18 means she would need to save 333.28 a month, if she had started with a $0 balance

Answer 2

Answer: Nicki will have $3084 in her account after saving for 7 months.

Explanation:

Since we have given that

Amount Nick needed to purchase a pre-owned car=5999

Number of months she saved = 18

Amount she saved = $265

Total amount she saved in 18 months is given by

`18* 265=\$4770`

Now, Remaining amount she will needed will be

`\$5999-\$4770\\\\=\$1229`

Now, she saved for 7 months .

According to question,

Amount after 7 months is given by

`265* 7=\$1855\\\\So,\\\\1855+1229\\\\=\$3084`

Hence, Nicki will have $3084 in her account after saving for 7 months.