Question

Mike wants to save $1,750 in the next 12 months. He plans to save $150 each month for the first 11 months.

Part A
What is the total amount of money Mike will save during the first 11 months if he saves $150 each month?
Enter your answer in the box.

Answer 1

$1,650

Explanation:

Part A

If he saves $150 each month for 11 months, then he will save a total of $150 * 11 = $1,650

Answer 2

$1650

Explanation:

Based on the question, we don't need the information that Mike wants to save 1750 in 12 months.

We just need to focus on how he is saving 150 every month, for 11 months.

150*11=1650

He will save $1650 if he saves $150 every month for 11 months.