bo has $500 in his savings account. he plans to add $150 to his savings account every month. recently, he purchased a tractor to

Question

2 years ago

9

bo has $500 in his savings account. he plans to add $150 to his savings account every month. recently, he purchased a tractor to

use on his farm for $4,000. he plans to pay off the total price of the tractor over time by paying $200 a month from a separate account. how much will bo have in his savings at the time he pays off the tractor in full?

SAT

1 answer:

REY [17] · Answer 1 · 2023-07-01T22:41:09+03:00

REY [17]2 years ago

4 0

He will have $3500 in his account.

It will take 20 months to pay off the tractor. $4000 divided by $200 is 20.

Take 20 times $150 and that is $3000.

Add $3000 to the $500 he already had in his account. That is $3500