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.



Looking at Drake's situation after 4 weeks, he only has $470 saved. By his original plan, he should have had $500 saved. So he's $30 short of his goal and has 2 weeks until his originally planned class. If he goes with option A and takes the later class, he will save an additional $125 which is more than enough to make up the $30 short fall. So option A will work for him to save enough money for his class. With option B, he will save $140 for the last 2 weeks of his plan giving him a savings of $280 for the last 2 weeks. Adding the $470 he's already saved will give him a total savings of $470 + $280 = $750 which is enough for him to attend his class. So option B will also allow Drake to attend his desired class. Both options A and B allow him to meet his goal. Hence, the answer is "c".