Question

Mr. Diaz wishes to save at least $1500 in 12 months. If she saved $300 during the first 4 months, what is the least possible average amount that she must save in each of the remaining 8 months?

Answer 1

Answer: $150.

Explanation:

Months remaining = 12 - 4 = 8 months.

Amount remaining to be saved = $1500 - $300 = $1200.

Based off of the given information, we know that Mr. Diaz must save $1200 in the remaining 8 months. In order to find the least amount on average per month that Mr. Diaz must save, we need to divide the $1200 remaining to be saved by the 8 remaining months.

$1200 / 8 months = $150 / month