Question

You saved $100 in 5 months at this rate how much will you save in 15 months what is the effect of your savings if you save $110 in 5 months A in 15 months you will save $300 if you change your savings to $110 your total savings will increase B in 15 months you will say $500 if you change your savings to $110 or total savings will increase C in 15 months you will save 285 if you change your savings to 110 the total savings will increase D in 15 months you will save $300 if you change your savings to $110 your total savings will and decrease

Answer 1

Let's break down your savings scenario systematically.

1. **Current Savings**: You saved $100 in 5 months.
- Monthly savings rate: $100 / 5 months = $20 per month.

2. **Savings in 15 months at the current rate**:
- Savings in 15 months = 15 months × $20/month = $300.

Now, let's analyze the scenarios if you change your savings to $110 in 5 months:

1. **New Savings**: If you save $110 in 5 months:
- Monthly savings rate: $110 / 5 months = $22 per month.

2. **Savings in 15 months at the new rate**:
- Savings in 15 months = 15 months × $22/month = $330.

Now, let's interpret the options you provided with this information:

A. In 15 months you will save **$300** if you change your savings to $110; your total savings will **increase**.
- **Incorrect**: If you switch to $110, you will save $330, which is an increase.

B. In 15 months you will save **$500** if you change your savings to $110; your total savings will **increase**.
- **Incorrect**: You save $330, not $500.

C. In 15 months you will save **$285** if you change your savings to $110; your total savings will **increase**.
- **Incorrect**: You save $330, not $285.

D. In 15 months you will save **$300** if you change your savings to $110; your total savings will **decrease**.
- **Incorrect**: You will not save $300 with the $110 change. You will save $330, which is an increase.

**Conclusion**: The only correct statement (if it were one of the choices) would be that in 15 months, you would save $330 if you changed your savings to $110 in 5 months, resulting in an increase in total savings compared to saving at the original rate. None of the provided options accurately reflect the conclusions based on your savings rates.