Mr. Jacobs wants to save over $3,400 for a car. He has a savings account balance of $800 and will make equal weekly deposits for the next 25 weeks.
How much money should Mr. Jacobs deposit each week?
A.
B.
C.
D.
guess please
To find out how much money Mr. Jacobs should deposit each week, we need to subtract his current savings account balance from the amount he wants to save for the car.
Amount needed for the car = $3,400
Current savings account balance = $800
Amount to deposit each week = Amount needed for the car - Current savings account balance
Amount to deposit each week = $3,400 - $800 = $2,600
Therefore, Mr. Jacobs should deposit $2,600 each week.
To determine how much money Mr. Jacobs should deposit each week, we need to find the difference between the total amount he wants to save and his current savings account balance, and then divide it by the number of weeks.
The calculation is as follows:
Total amount to save = $3,400
Current savings account balance = $800
Number of weeks = 25
Difference = Total amount to save - Current savings account balance
Difference = $3,400 - $800
Difference = $2,600
Amount to deposit each week = Difference / Number of weeks
Amount to deposit each week = $2,600 / 25
Therefore, Mr. Jacobs should deposit $104 each week.
Answer: B.
To find out how much money Mr. Jacobs should deposit each week, we need to divide the total amount he wants to save ($3,400) by the number of weeks he has to save (25). Dividing $3,400 by 25 gives us:
$3,400 / 25 = $136
Therefore, Mr. Jacobs should deposit $136 each week to reach his savings goal. So the correct answer is option B.