savings

Jim has $440 in his savings account and adds $12 per week to the account. At the same time, Rhonda has $260 in her savings account and adds $18 per week to the account. How long will it take Rhonda to have the same amount in her account as Jim? Set up Jim's savings function S(w) where w is the...

Allen saves $162 a month. Allen saves $43 less each month than Lane. How much will Lane save in 2 years? Calculate Lane's monthly savings: Lane's monthly savings = Allen's monthly savings + 43 (since Allan saves 43 less than Lane) Lane's monthly savings = 162 + 43 Lane's monthly savings = 205...

you save $35 a week for a year. How much do you have at the end of the year? We know that 1 year = 52 weeks $35 per week * 52 weeks = $1,820 saved for the year

Barney has $450 and spends $3 each week. Betty has $120 and saves $8 each week. How many weeks will it take for them to have the same amount of money? Let w be the number of weeks that go by for saving/spending. Set up Barney's balance equation, B(w). Spending means we subtract B(w) = Initial...

Stanley earns $1160 a month. He spends $540 every month and saves the rest. How much will he save in 4 years? Calculate savings amount per month: Savings amount per month = Earnings - Spend Savings amount per month = 1160 - 540 Savings amount per month = 620 Convert years to months 4 years =...

Karen earns $20 per hour and already has $400 saved, and wants to save $1200. How many hours until bob gets his $1200 goal? Set up he savings function S(h) where h is the number of hours needed: S(h) = savings per hour * h + current savings amount S(h) = 20h + 400 The question asks for h when...

Kaylee had $197 in her savings now her savings is $429 . How much was her paycheck Her paycheck equals the increase in savings from $197 to $429. We want the difference: Paycheck = Savings Now - Savings Before Paycheck Paycheck = $429 - $197 Paycheck = $232

To buy a minivan you can pay $12,500 cash or put down $5000 and make 24 monthly payments of $698.05. How much would you save by paying cash? Calculate the total amount with payments: Total Amount with payments = Payment Amount * Total Payments Total Amount with payments = $698.05 * 24 Total...

A television sells for $750. Instead of paying the total amount at the time of the purchase, the same television can be bought by paying $100 down and $50 a month for 14 months. How much is saved by paying the total amount at the time of the purchase? Option 2: 100 + 50(14) 100 + 700 800 800 -...

Ina has $40 in her bank account and saves $8 a week. Ree has $200 in her bank account and spends $12 a week. Write an equation to represent each girl. Let w equal the number of weeks, and f(w) be the amount of money in the account after w weeks: Ina: f(w) = 40 + 8w We add because Ina saves...

You and your friend are saving for a vacation. You start with the same amount and save for the same number of weeks. You save 75 per week, and your friend saves 50 per week. When vacation time comes, you have 950, and your friend has 800. How much did you start with, and for how many weeks did...

Brice has 1200 in the bank. He wants to save a total of 3000 by depositing 40 per week from his paycheck. How many weeks will it take until he saves 3000? Remaining Savings = 3,000 - 1,200 = 1,800 40 per week * x weeks = 1,800 40x = 1800 Divide each side of the equation by 40 x = 45 weeks

Dan makes 11 an hour working at the local grocery store. Over the past year he has saved 137.50 toward a new pair of retro sneakers. If sneakers cost 240, how many hours will he need to be able to buy the sneakers? Figure out his remaining savings target: 240 - 137.50 = 102.50 Let x equal the...