Question

The Greens want to put an addition on their house 18 months from now. They will need to save $10,620 in order to achieve this goal. They set aside the same amount each month, and after a year discover they have saved $6,120. The Greens must adjust their plan in order to meet their goal, so they came up with the following options:
Option A: Stay with saving the original amount each month but put the addition on one month later than originally planned.
Option B: Increase the amount of money they save each month by $120 from their original plan.
Which of the following statements is true?
a.
Only option A will allow them to meet their goal.
b.
Only option B will allow them to meet their goal.
c.
Both options A and B will allow them to meet their goal.
d.
Neither option A nor option B will allow them to meet their goal.

Answer 1

The answer is D because the additional 120 for the remaining six months only brings them to 9900. An additional month brings them to a total of 9690.