Question

Eva is saving money for a vacation. She plans to save a fixed amount of money each month. Her initial deposit into the account is $500, and she will save $100 per month. How many months will it take her to save for a $1,300 vacation? (1 point) Responses 18 months 18 months 2.4 months 2.4 months 8 months 8 months 0.3 month

Answer 1

To determine how many months it will take Eva to save for a $1,300 vacation, you can use the following steps:

1. Initial deposit: $500
2. Monthly savings: $100
3. Total amount needed: $1,300

First, calculate how much more she needs to save after her initial deposit:

\[ 1,300 - 500 = 800 \]

Now, we need to figure out how many months it will take to save that additional $800, given that she saves $100 each month:

\[ \text{Months required} = \frac{\text{Amount needed}}{\text{Monthly savings}} = \frac{800}{100} = 8 \]

Thus, it will take Eva 8 months to save enough for the vacation.

The correct response is 8 months.