Drake wants to save $750 so that he can take a class on computer analysis for cars. The class is being held on various dates over the next several months. Drake is planning to take the class 6 weeks from now, so he plans to save $125 each week. Unfortunately, Drake had to take out a little money from his savings in the 3rd week. After 4 weeks, Drake has $470. He knows that he must adjust his plan in order to meet his goal. Drake came up with the following options: Option A: Stay with saving the original amount each week but take the class a week later than originally planned. Option B: Increase the amount of money he saves each week by $15 from his original plan. Which of the following is a true statement? a. Only option A will allow him to meet his goal. b. Only option B will allow him to meet his goal. c. Both options A and B will allow him to meet his goal. d. Neither option A nor option B will allow him to meet his goal.
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Answer:
Answer:c. Both options A and B will allow him to meet his goalStep-by-step explanation:Total Amount Drake wants to save = $ 750Amount he will save each week = $ 125Amount gathered after 4 weeks = $ 470If he followed the inital plan, the total amount after 4 weeks would have been = 4 x 125 = $ 500So, after 4 weeks he is $30 short of his target.Plan A: Stay with saving the original amount each week but take the class a week later than originally plannedThis way Drake would have 3 more weeks to save money each with a saving of $125. So total money accumulated would be:$ 470 + ( 3 x $125 ) = $ 845Which is above $ 750, so he would easily meet his goal through this planPlan B:Increase the amount of money he saves each week by $15 from his original planHe will have 2 weeks remaining. The saving in each week will be:125 + 15 = $140So the total saving after 6 weeks will be:470 + 2 x 140 = $ 750which is the exact amount he needs for the class. So he will meet his goal using this plan as wellSo, option C gives us the correct answer. Both options A and B will allow him to meet his goal
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11 months ago
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