Concept explainers
To calculate:To write and solve the number of months required to save the same amount of money; where Theresa saves
Answer to Problem 5.3MPS
The number of months required to save the same amount of money is
Explanation of Solution
Given information:
Given-
Theresa saves
Miranda saves
Calculation:
Given-
Theresa saves
Miranda saves
Let the number of months required to save the same amount of money be
So, the amount of money Theresa saves after
And, the amount of money Miranda saves after
As per the requirement, same amount of money needs to be saved, therefore:
Amount of money Theresa saves after
Thus,
Solving the above equation, we have:
Thus,
Conclusion:
The number of months required to save the same amount of money is
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