Is this true you say the $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 or total savings will increase

Answer 1

To analyze the savings for both scenarios, let’s break them down:

1. First Scenario: Saving $100 in 5 months.

   • If you save $100 in 5 months, in 15 months (which is 3 times longer), you would save: \[ 3 \times 100 = 300 \text{ dollars} \]

2. Second Scenario: Saving $110 in 5 months.

   • If you save $110 in 5 months, in 15 months (again, 3 times longer), you would save: \[ 3 \times 110 = 330 \text{ dollars} \]

Effect of changing your savings from $100 to $110:

• If you change your savings from saving $100 in 5 months to saving $110 in 5 months, your total savings after 15 months would increase from $300 to $330.

Conclusion:

• By saving $110 instead of $100, your savings increase by $30 over the 15-month period.