You are saving $30 each month. You have a goal to accumulate $700 in savings. How long will it take you?
To calculate how long it will take for you to save $700 at a rate of $30 per month, you can use the following formula:
Number of months = Total savings goal / Amount saved per month
Number of months = $700 / $30
Number of months = 23.33
It will take approximately 23.33 months to save $700 at a rate of $30 per month.