Question

Drake wants to save $750 so that he can take a class on computer analysis for cars. The class is being held on various dates over the next several months. Drake is planning to take the class 6 weeks from now, so he plans to save $125 each week. Unfortunately, Drake had to take out a little money from his savings in the 3rd week. After 4 weeks, Drake has $470. He knows that he must adjust his plan in order to meet his goal. Drake came up with the following options: Option A: Stay with saving the original amount each week but take the class a week later than originally planned. Option B: Increase the amount of money he saves each week by $15 from his original plan. Which of the following is a true statement?
a. Only option A will allow him to meet his goal.
b. Only option B will allow him to meet his goal.
c. Both options A and B will allow him to meet his goal.
d. Neither option A nor option B will allow him to meet his goal.

Answer 1

C. Both options A and B will allow him to meet his goal.

_____
On his original plan, he is $30 short. (A) By delaying his class 1 week, he can add one more payment, so will have $95 more than he needs. (B) By increasing his payment $15 each week for the remaining 2 weeks, he will have exactly the amount he needs to take the class at the time he originally wanted.