Question

Tina is saving to buy a notebook computer. She has two options. The first option is to put $500 away

initially and save $20 every month. The second option is to put $300 away Initially and save $40 every
month. After how many months would Tina save the same amount using either option? How much
would she save with either option?
After how many
months, Tina will save $ ? with either option.

Answer 1

The first option would take 2 months to reach $540, and the second option would take 6 months to reach $540.

Explanation:

I hope this helps!

Answer 2

10 months and $700

Explanation:

1) $500 and $20 a month

Month 1: 520

Month 2:540

Month 3:560

Month 4: 580

Month 5:600

Month 6:620

Month 7: 640

Month 8:660

Month 9:680

Month 10:700

2)$300 and $40 a month

Month 1: 340

Month 2:380

Month 3:420

Month 4: 460

Month 5:500

Month 6:540

Month 7: 580

Month 8:620

Month 9:660

Month 10:700