Question

You need to buy a new computer that costs $1,200. You are able to save 10% of the cost each month in your checking account. How many months will you need to save to afford the computer?(1 point)
Responses

10 months
10 months

8 months
8 months

6 months
6 months

12 months

Answer 1

To find out how many months you need to save to afford the computer that costs $1,200, you can follow these steps:

1. Determine how much you save each month.
\[
\text{Monthly Savings} = 10\% \text{ of } 1200 = 0.10 \times 1200 = 120
\]

2. Now, calculate how many months it will take to reach the total of $1,200 by dividing the total cost by your monthly savings:
\[
\text{Number of Months} = \frac{1200}{120} = 10
\]

So, you will need **10 months** to save enough money to afford the computer.