Question

Drake wants to save $750 so that he can take a class on computer analysis for cars. The class is being held on various dates over the next several months. Drake is planning to take the class 6 weeks from now, so he plans to save $125 each week.Unfortunately, Drake had to take out a little money from his savings in the 3rd week. After 4 weeks, Drake has $470. He knows that he must adjust his plan in order to meet his goal. Drake came up with the following options:Option A: Stay with saving the original amount each week but take the class a week later than originally planned.Option B: Increase the amount of money he saves each week by $15 from his original plan.Which of the following is a true statement?a. Only option A will allow him to meet his goal.b. Only option B will allow him to meet his goal.c. Both options A and B will allow him to meet his goal.d. Neither option A nor option B will allow him to meet his goal.

Answer 1

Explanation:

Given that Drake wants to save $750 so that he can take a class on computer analysis for cars.

He wants to save 125 per week for 6 weeks.

.Unfortunately, Drake had to take out a little money from his savings in the 3rd week. After 4 weeks, Drake has $470.

If he wants to have 750 after 6 weeks, he has to save
`(750-470)/(2) =140` $ per week

Or alternately he can save same 125 dollars so that he would have 750 $ in

3 weeks.

A: Stay with saving the original amount each week but take the class a week later than originally planned.Option B: Increase the amount of money he saves each week by $15 from his original plan.

Both are right.

c. Both options A and B will allow him to meet his goal.