Question

Blake currently has $1,500 in his savings account and he saves $25 per month. If he saves the same amount each month and does not take any money out of the account, how long will it take, in months, until Blake will have $1,800 saved?

Answer 1

Amount he needs to save = $1,800 - $1,500 = $300

He saves $25 per month.

Number of months needed = $300 ÷ $25 = 12 months.

It will take Blake 12 months to have $1,800 saved.