You have decided to set a new goal of saving at least $4,500 over the course of the next year. You already have $900 saved. By how much would you need to increase your monthly net savings in order to meet this goal?

A$100
B$150
C$200
D$250

Respuesta :

Answer:

C$200

Explanation:

You need to still save $3600 to meet your annual goal of $4,500 at this point you already have $900 saved so you need $3,600 more, so in twelve months you still have to save $300 every month, as you are already savin $100 a month you will only have to increase $200 more a month to reach your goal.

The amount you need to increase your monthly net savings by is C. $200.

Amount to save next year

= Goal - Current savings

= 4,500 - 900

= $3,600

Monthly savings amount

= 3,600 / 12

= $300 per month

Amount to increase savings by

You care already saving $100 so you need to increase by:

= 300 - 100

= $200

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