Question

Alice is saving money at a constant rate. Suppose she initially has $70 saved, and after 2 months, she has $170 saved.

Answer 1

Answer:

50 dollars per month

Step-by-step explanation:

Given

$Months = 2$

$Total = 170$

$Initial = 70$

Required

Determine the rate of savings

Suppose in a month, she saves x amount.

In 2 months, she would save 2x

When 2x is added to the initial savings, it gives the total amount saved.

So, we have:

$2x + 70 = 170$

Collect Like Terms

$2x = 170 - 70$

$2x = 100$

Divide both sides by 2

$x = \frac{100}{2}$

$x = 50$

Hence, she saves $50 dollars monthly