Question

Kara's original financial plan required that she save $220 amonth for two years in order to have $5,280 for the downpayment on a car. However, after one year she has onlymanaged to save $2,300. How much will Kara have to save each month in the second year in order to reach her original goal of $5,280?

Answer 1

given data:

the amount needed to pay the downpayment of the car = $5280.

original financial plan = $220 per month.

The amount kara saved after 1 year = $2300.

the balance amount she needed to save

`\begin{gathered} =5280-2300 \\ =2980 \end{gathered}`

now, divide the balance amount by 12, because 1 year =12 months.

`\begin{gathered} =(2980)/(12) \\ =248.3 \end{gathered}`

Thus, kara needs to save 248 dollors each month in order to have 5280 dollors after a year.