Question

Unit 1.4-1.5 CFA

Answer 1

Using proportions, it is found that you will need to save $54.89 more each month in order to reach your goal.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three. Due to this, relations between variables, either direct or inverse proportional, can be built to find the desired measures in the problem.

The amount you will need is:

75 x 17 = $1,275.

After 10 months you have only saved $524, hence the amount you will have to save is:

1275 - 524 = 751.

In 7 months, hence the monthly amount is:

751/7 = $107.29.

The difference is:

107.29 - (524/10) = $54.89.

You will need to save $54.89 more each month in order to reach your goal.

More can be learned about proportions at brainly.com/question/24372153

#SPJ1