Question

Kinsey has a plan to save $60 a month for 16 months so that she can purchase a new television. After 11 monthsKinsey has saved $600. If the most that Kinsey can possibly save is $80 per month, which of the following statementsis true?a Kinsey will meet her goal and does not need to adjust her planb. Kinsey must save $72 per month to achieve her goalKinsey must save $75 per month to achieve her goalKinsey will not be able to achieve her goal.cd

Answer 1

The total amount she has to save can be calculated as:

`60\frac{\$}{\text{month}}\cdot16\text{ months}=\$960`

After 11 months, she has saved $600.

So she has 16-11=5 months to save and needs to save 960-600=$ 360 to achieve her goal.

Then, we know that she has to save an average of 360/5=72 dollars