Final answer:
To deposit more than $25 each week and keep the total of his deposits above $500 for the next 8 weeks, Mr. Singh needs to deposit an extra amount greater than $59.38 per week.
Step-by-step explanation:
To find out how much more Mr. Singh can deposit each week, we need to determine the amount that will keep the total of his deposits above $500 for the next 8 weeks.
Let's assume that the extra amount he deposits each week is x. So, his deposits for the next 8 weeks would be the sum of his usual deposit ($25) and the additional deposit (x) multiplied by the number of weeks (8). This sum should be greater than $500:
25 + 8x > 500
To solve this inequality for x, we can subtract 25 from both sides:
8x > 500 - 25
8x > 475
Finally, we divide both sides by 8 to solve for x:
x > 475/8
Therefore, Mr. Singh can deposit more than $25 each week as long as the extra amount is greater than $59.38 (rounded to two decimal places), keeping the total of his deposits above $500 for the next 8 weeks.