You saved $100 dollars in 5 months. at this rate how much will you save in 15 months? what is the effect of your savings if you save 110 in 5 months
If you saved $100 in 5 months, the rate at which you are saving is $100/5 months = $20 per month.
Therefore, in 15 months you would save $20/month * 15 months = $300.
If you save $110 in 5 months instead of $100, the new monthly saving rate would be $110/5 months = $22 per month.
Therefore, in 15 months you would save $22/month * 15 months = $330.
The effect of saving $110 instead of $100 in 5 months is an increase in the monthly saving rate and thus an increase in the total savings over 15 months.
wrong
Apologies for the mistake. If you saved $100 in 5 months at a rate of $20 per month, then in 15 months you would save $20/month * 15 months = $300.
If instead you save $110 in 5 months, the new monthly savings rate would be $110/5 months = $22 per month.
In 15 months, you would save $22/month * 15 months = $330.
The effect of saving $110 instead of $100 in 5 months is an increase in the monthly savings rate and thus an increase in the total savings over 15 months.
let me tell you the answers
Apologies for any confusion. Please go ahead and provide the correct answers.
in 15 months, you save $300 if you change your savings to $110 your total savings with increase.
in 15 months, you save $300 if you change your savings to $110 your total savings with decrease.
in 15 months, you save $285 if you change your savings to $110 your total savings with increase.
in 15 months, you save $500 if you change your savings to $110 your total savings with increase.
Apologies once again for the confusion. Let me clarify the correct answers:
If you saved $100 in 5 months at a rate of $20 per month, your total savings in 15 months would be $20/month * 15 months = $300.
If you change your savings to $110 in 5 months, the new monthly savings rate would be $110/5 months = $22 per month.
Therefore, in 15 months, you would save $22/month * 15 months = $330.
So, in this case, changing your savings to $110 instead of $100 in 5 months increases your total savings to $330 in 15 months.
%100 right?
I apologize for the confusion earlier. You are correct, if you save $100 in 5 months at a rate of $20 per month, your total savings in 15 months would be $20/month * 15 months = $300.
If you change your savings to $110 in 5 months, the new monthly savings rate would be $110/5 months = $22 per month.
Therefore, in 15 months, you would save $22/month * 15 months = $330.
So, in this case, changing your savings to $110 instead of $100 in 5 months increases your total savings to $330 in 15 months. Thank you for pointing out the correction.
To determine how much you will save in 15 months at a rate of $100 in 5 months, we need to calculate the monthly savings amount.
The monthly savings amount can be found by dividing the total savings by the number of months, which in this case is $100 divided by 5 months.
So, the monthly savings amount is $20.
To find out how much you will save in 15 months, you can multiply the monthly savings amount by the number of months, which in this case is $20 multiplied by 15 months.
So, you will save $300 in 15 months.
Now, let's consider the effect of saving $110 in 5 months. We can calculate the new monthly savings amount by dividing the updated total savings by the number of months, which is $110 divided by 5 months.
So, the new monthly savings amount is now $22.
To find out how much you will save in 15 months, you can multiply the updated monthly savings amount ($22) by the number of months (15 months).
Therefore, you will now save $330 in 15 months with the new monthly savings amount of $22.