Question

Tamara earns 2,050 every month. She spends 65% on the amount that she earns. The rest of the money is equally divided and deposited into two seperate accounts. How many months until tamara has deposited more than 2,500 in one of her accounts

Answer 1

Tamara earns $2,050 each month.

She spends 65% of that, so the amount that she spends is:

S = (65%/100%)*$2,050 = 0.65*$2,050 = $1,332.50

Then the amount that she has left is:

R = $2,050 - $1,332.50 = $717.50

Now she divides that in half, and deposits those amounts in two separate accounts.

She deposits $717.50/2 = $358.75 in each acount.

Then she deposits $358.75 per month, so after x months she has:

x*$358.75 in each of those accounts, so one of the accounts will have more than $2,500 when:

x*$358.75 = $2,500

x = $2,500/$358.75 = 6.96

So after 6.96 moths she will have more than $2,500 in one of her accounts, we can round it to:

After 10 months Tamara has deposited more than 2,500 in one of her accounts.