Diep is saving money so he can buy a used car in 12 months. The total cost of the car he wants is $1,450. Diep determines that he needs to save $120 each month to be able to afford the car, as shown below.
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Given:
Number of months : 12
Cost of the car : $1,450
Savings per month : $120
To find:
We need to find whether Diep can afford the car in 12 months or not.
Solution:
To find whether Diep can afford or not, calculate the total savings in 12 months.
Savings in 1st month = $120
Savings in 2nd month = $120
Savings in 3rd month = $120
Savings in 4th month = $120
Savings in 5th month = $120
Savings in 6th month = $120
Savings in 7th month = $120
Savings in 8th month = $120
Savings in 9th month = $120
Savings in 10th month = $120
Savings in 11th month = $120
Savings in 12th month = $120
Total savings
As the total savings is less than car price, he cannot afford the car with his savings in 12 months.
He needs additional $10 to afford it.
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