Question

College Savings

Juan's family is saving money for Juan to go to college.
They currently have $2,500 in the bank and save $150 each
month. Alex's family is also saving for college. They
currently have $900 in the bank and save $250 per month.
How much will Alex's family have saved 3 years from now?

Answer 1

Alexś family would save 9000 from now. Including the 900 it would be 9900.

Explanation:

250 x 36 = 9000

36 = 3 yrs = 12 months per yr.

9000 + 900 = 9900