Question

Pete is saving money to buy a used car

in eight months. He wants to save $5,000
for a down payment and finance the rest.
Pete already has $1,400 saved for the car.
How much money does he need to save
per month to meet his goal of saving
$5,000?

Answer 1

450 per month

Explanation:

5000-1400=3600

3600/8=450

Since Peter already has 1400 dollars saved you can subtract that form the total amount and since he is trying to get the rest in eight months you just divide the difference by eight.