ty is saving for college. his goal is to save $750 each year. to meet his goal, ty wants to set aside the…

ty is saving for college. his goal is to save $750 each year. to meet his goal, ty wants to set aside the same amount each month. how much should ty save per month? to meet his goal, ty needs to save at a rate of $ per month.

ty is saving for college. his goal is to save $750 each year. to meet his goal, ty wants to set aside the same amount each month. how much should ty save per month? to meet his goal, ty needs to save at a rate of $ per month.

Answer

Explanation:

Step1: Determine the number of months in a year

There are (12) months in a year.

Step2: Divide the annual savings goal by the number of months

To find the monthly savings amount, divide the annual goal of ($750) by (12) months. The formula is (\text{Monthly amount}=\frac{750}{12}). [ \begin{align*} \frac{750}{12}&=\frac{750\div6}{12\div6}\ &=\frac{125}{2}\ & = 62.5 \end{align*} ]

Answer:

(62.5)