Question

Mike plans to save money for their wedding over a 20 month period. They will need to save $8,000 to help pay for the wedding. They set aside the same amount each month. After a year they saved $4,000. Mike and Kate know they must adjust their plan in order to meet their goal, so they came up with the following options:
Option A: Stay with saving the same amount they've been saving each month but postpone the wedding 2 months.
Option B: Increase the amount of money they save each month by $80 from what they've been saving.
Which of the following is a true statement?
a.
Only option A wil

Answer 1

a.
Only option A will allow them to meet their goal.
b.
Only option B will allow them to meet their goal.
c.
Both options A and B will allow them to meet their goal.
d.
Neither option A nor option B will allow them to meet their goal.

Answer 2

this why I don't what to be marry X) to much pellet u need to buy to be perfect lol

Answer 3

One year ---> 12 months
After 12 months they saved 4000 dollars - So they saved about 333 dollars each month.
They have 8 months left to collect 8000 dollars - Unless If they chose plan A (leaves them an extra 2 months to collect the money they need).
If they chose plan A - They would have not have the amount they need (even when they postpone the wedding 2 months). ----> They saved 4000 dollars (12 months gone - 10 left to collect) ----> 10 months - 3330 dollars <--- + 4000 from 12 months back ----> 7330 <--- Less than 8000.

Answer 4

Now If they Increase the amount of money they save each month by 80 dollars - They would be collecting about 413 dollars each month.
They saved 4000 dollars (12 months gone - They have 8 months left to collect 8000 dollars) ----> 8 months - 3304 dollars <--- + 4000 from 12 months back ----> 7304 <--- Less than 8000.

Answer 5

Sad news for the couple - They are going to have to find a new plan!
As neither option A nor option B will allow them to meet their goal!

Answer 6

haha thank you! @charlotte123

Answer 7

No problem! @ashleyhelget