Question

To save at least $15,000 in 5 years, which monthly deposit is the minimum amount an eighth grader and his family should plan to save for college?

A - $50
B - $150
C - $250
D - $350

Answer 1

It is C because if you divide 250 to 15,000

Answer 2

C $250

Explanation:

based on the question we can get the equation

where m = money, the years are converted to months

15000 = 60m

divide by 60 to each side

m= 250