Question

How do you figure this out? Keith plans to buy a car when he is 16. He currently has $3,000 saved up to buy the car. If his parents plan to give him $2,500 as a birthday gift when he turns 16, and Keith wants to spend at least $2,000 of it on his $15,000 car. What is the most amount of money he would need to save each month now (for the next two years) now that he is anticipating his birthday gift?

Answer 1

He would need to save 500 dollars a month because 500x for two years (24 months) equals 12,000.

12,000 plus 3000 equals to 15,000

Explanation:

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