Nicki just purchased a pre-owned car for $5,999.00. She had an unknown balance in her savings account when she began saving for the car. She saved $265.00 per month for 18 months in order to accumulate the funds necessary for the purchase. How much money did Nicki have in her account after saving for 7 months?

Question

(1 point)
Responses

$1,855.00
$1,855.00

$2,120.00
$2,120.00

$2,819.00
$2,819.00

$3,084.00

Answer 1

To find out how much money Nicki had in her account after saving for 7 months, you can calculate the total amount she saved in that time frame.

She saves $265.00 per month. Over 7 months, her total savings would be:

\[ \text{Total Savings} = \text{Monthly Savings} \times \text{Number of Months} = 265 \times 7 \]

Calculating this gives:

\[ 265 \times 7 = 1,855 \]

Therefore, after saving for 7 months, Nicki had $1,855.00 in her account.