Question

HELPPPPPPPPPPP! Henley wants to buy a laptop for $1,100. She currently has $110 in savings. Assuming she continues to save 10% of her take home pay each month, which is $3,300, how many months will it take for Henley to have enough for the laptop?

Answer 1

3months

Explanation:

target $1100

currently saved $1100

so we get the amount she need to save to get to the target.

$1100 - $110= $990 Need to be saved

saving rate 10% of $3300= $330 per month

to get the number of months she need to save, we divide amount needed by amount saved per month; $990 ÷ $330= 3months