Mrs. Diaz wishes to save at least $1500 in 12 months. If she save $300 during the first 4 months, what is the least possible average amount that she must save in each of the remaining 8 months?
After 4 months, 4 x 300 = $1200 will be saved. That leaves $300 to go in 8 months. What would that be per month, in equal payments?
To find the least possible average amount that Mrs. Diaz must save in each of the remaining 8 months, we need to divide the remaining amount she needs to save ($300) by the number of months (8).
$300 / 8 months = $37.50 per month.
Therefore, the least possible average amount that Mrs. Diaz must save in each of the remaining 8 months is $37.50.
To find the least possible average amount that Mrs. Diaz must save in each of the remaining 8 months, we need to determine how much money she still needs to save and then divide it by the number of months.
We know that Mrs. Diaz wants to save at least $1500 in total, and she has already saved $1200 in the first 4 months. Therefore, she still needs to save $1500 - $1200 = $300.
Since Mrs. Diaz has 8 months remaining to save the remaining $300, we divide the total amount she needs to save ($300) by the number of months (8).
So, the least possible average amount that Mrs. Diaz must save in each of the remaining 8 months is $300 / 8 = $37.50. Therefore, she should aim to save $37.50 in each of the remaining 8 months to achieve her goal of saving at least $1500 in 12 months.