In March, a family starts saving for a vacation they are planning for the end of August. The family expects the vacation to cos

Question

3 years ago

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In March, a family starts saving for a vacation they are planning for the end of August. The family expects the vacation to cos

t $1327. They start with $120. At the beginning of each month they plan to deposit 20% more than the previous month. Will they have enough money for their trip? If not, how much more do they need? Select the correct answer below and, if necessary, fill in the answer box within your choice.

Mathematics

1 answer:

Makovka662 [10] · Answer 1 · 2022-06-24T12:57:27+03:00

Deposited money:

March: 120
April: 120+(120×20)/100=120+24=144
May: 144+(144×20)/100=144+18,8=162,8
June: 162,8+(162.8×20)/100=162,8+32.56=195.36
July: 195.36+(195.36×20)/100=195.36+23.87=219.23
August: 219.23+(219.23×20)/100=219.23+43.85=263.08

120+144+162.8+195.36+219.23+263.08=1105.19
So the answer is no.

In​ March, a family starts saving for a vacation they are planning for the end of August. The family expects the vacation to cos

In March, a family starts saving for a vacation they are planning for the end of August. The family expects the vacation to cos