Question

Riley wants to purchase a new refrigerator that costs $1,025.99 If Riley places $50 in an envelope every month, how long will she need to save to be able to afford the new refrigerator 19 months 21 months 24 months 26 monthsa. 19 months

b. 21 months
c. 24 months
d. 26 months

Answer 1

Riley needs to save $50 each month for 21 months to purchase a refrigerator that costs $1,025.99, because when dividing the total cost by the monthly savings, we get approximately 20.52, which is rounded up to the next whole month.

Step-by-step explanation:

The student wants to know how long Riley will need to save $50 every month to be able to afford a new refrigerator that costs $1,025.99. To determine the number of months required to save for the refrigerator, we need to divide the total cost of the refrigerator by the amount saved every month.

Total cost of refrigerator: $1,025.99
Amount saved each month: $50

To find out the number of months Riley needs to save, we perform the division:

Number of months = Total cost ÷ Monthly savings
Number of months = $1,025.99 ÷ $50
Number of months = 20.5198

Since Riley cannot save for a fraction of a month, we round up to the next whole number, which is 21.