Question

Tom has been saving money for 5 months and has $120. If he saves $20 more each month, how much will he have after 2 more months?

Answer 1

To find out how much Tom will have after 2 more months, we can break down the process as follows:

1. **Current Savings**: Tom currently has $120 after saving for 5 months.

2. **Monthly Savings Increase**: Tom saves an additional $20 each month. We need to find out how much he will save in the next 2 months.

3. **Monthly Savings Calculation**:
- In the 6th month, he will save $20 more than before. Since he originally saved $120 over 5 months, his average monthly savings initially were:
\[
\text{Average savings per month} = \frac{120}{5} = 24 \text{ dollars}
\]
- Therefore, in the 6th month, he will save:
\[
\text{Savings in 6th month} = 24 + 20 = 44 \text{ dollars}
\]
- In the 7th month, he will save:
\[
\text{Savings in 7th month} = 44 + 20 = 64 \text{ dollars}
\]

4. **Total Savings Over Next 2 Months**:
- Total savings for the next 2 months will be:
\[
\text{Total additional savings} = 44 + 64 = 108 \text{ dollars}
\]

5. **Final Calculation**:
- To find out how much Tom will have after 2 more months, we add his additional savings to his current savings:
\[
\text{Total savings after 2 months} = 120 + 108 = 228 \text{ dollars}
\]

Thus, after 2 more months, Tom will have **$228**.