Question

Last year, manuel saved $50 per month . this year, he increases his monthly savings by 25%. he plans to buy a smart phone for $375. at this rate, how long will it take him to save enough money to buy the smart phone if he starts saving for it this year?

Answer 1

First multiply 50 and .25 to find out how much extra he is saving, $12.5 Then add that to 50 to get $62.5. Divide $375 by $62.5 to get 6. It will take 6 months to save the money. Hope this helps!