kinsey has a plan to save $60 a month for 16 months so that she can purchase a new television. after 11…

kinsey has a plan to save $60 a month for 16 months so that she can purchase a new television. after 11 months kinsey has saved $600. if the most that kinsey can possibly save is $80 per month, which of the following statements is true? a. kinsey will meet her goal and does not need to adjust her plan. b. kinsey must save $72 per month to achieve her goal. c. kinsey must save $75 per month to achieve her goal. d. kinsey will not be able to achieve her goal. please select the best answer from the choices provided

kinsey has a plan to save $60 a month for 16 months so that she can purchase a new television. after 11 months kinsey has saved $600. if the most that kinsey can possibly save is $80 per month, which of the following statements is true? a. kinsey will meet her goal and does not need to adjust her plan. b. kinsey must save $72 per month to achieve her goal. c. kinsey must save $75 per month to achieve her goal. d. kinsey will not be able to achieve her goal. please select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate the total savings goal

The goal is to save $60 per month for 16 months. So the total amount needed is $60\times16 = 960$.

Step2: Calculate the remaining amount to save

After 11 months, Kinsey has saved $600. So the remaining amount is $960 - 600=360$.

Step3: Calculate the remaining months

The total plan is for 16 months and 11 months have passed, so the remaining months are $16 - 11 = 5$.

Step4: Calculate the required monthly - savings

To find out how much Kinsey needs to save per month for the remaining 5 months to reach the goal, we divide the remaining amount by the remaining months. That is $\frac{360}{5}=72$.

Answer:

C. Kinsey must save $72 per month to achieve her goal.