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Jessica has $600 in her checking account and deposits $50 per week to save money for a new iPhone. How long will it take for her to save $1000?

a) 8 weeks
b) 9 weeks
c) 10 weeks
d) 11 weeks

User Yanitza
by
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1 Answer

4 votes

Final answer:

Jessica will reach her goal of saving $1000 in 8 weeks by depositing $50 per week, considering she already has $600. Option A is correct answer.

Step-by-step explanation:

The question pertains to how long it will take for Jessica to save $1000 if she has $600 in her checking account and deposits $50 each week towards her goal.

To calculate this, we subtract the initial amount of $600 from the target amount of $1000, which is equal to $400. This is the amount Jessica needs to save. Since Jessica saves $50 per week, we then divide the remaining amount to be saved ($400) by her weekly deposit ($50 per week).

The calculation is as follows:

$400 รท $50 per week = 8 weeks.

Therefore, in addition to the $600 Jessica already has, it will take her 8 weeks to save a total of $1000, making option a) 8 weeks the correct answer.

User Sebastian Knopp
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6.6k points