Question

Holly is trying to save $25,000 to put a down payment on a condominium. If she starts with $10,000 saved and saves an additional $750 each month, which equation represents how far Holly is from her goal of reaching $25,000? Let x stand for months and y stand for dollars.

Answer 1

15000 - 750x

Explanation:

Holly is trying to save $25, 000 to put a down payment on a condominium. She started with $10,000 and saved an additional $750 each month.

Let

y = dollars

x = number of months

Since she started her savings with $10, 000 her remaining amount to pay will be 25000 - 10000 = $15000 .

The amount will also be reducing by $750 per month

Therefore,

How far she is from her goal can be represented with the equation

15000 - 750x