Question

James currently has $215 in a savings account. Every month, he deposits an additional $45 into his account. James had to replace the wooden fence around his house for a total of $4,100, and his zero-interest payment plan requires $168 per month. If James uses all of his budgeted savings to help pay off the fence, in addition to the monthly payment, what will be the remaining balance on the fence after 12 months?

Answer 1

Answer:

James still owes 1,261 dollars after 12 months

Step-by-step explanation:

Second attempt :P

James currently has 215 dollars, every month for 12 months, he deposits 45 dollars into his account

215 + 12 x 45

215 + 540 =755

Now we know how much money James will have after 12 months,  we need to find out how much he will owe.

James has to pay 168 per month for 12 months

168 x 12 = 2016

After 12 months the total amount James owes will be 2,016 dollars.

He makes 755 for the whole 12 months

2,016 - 755 = 1,261

James still owes 1,261 dollars after 12 months