13.) you are saving $20.00 each month. you have a goal to accumulate $500.00 in savings. how long will it…

13.) you are saving $20.00 each month. you have a goal to accumulate $500.00 in savings. how long will it take you? please write your answer in a complete sentence. (3 points)

13.) you are saving $20.00 each month. you have a goal to accumulate $500.00 in savings. how long will it take you? please write your answer in a complete sentence. (3 points)

Answer

Explanation:

Step1: Set up the equation

Let $n$ be the number of months. The amount saved per month is $20$, and the total amount to be saved is $500$. So the equation is $20n = 500$.

Step2: Solve for $n$

Divide both sides of the equation by 20: $n=\frac{500}{20}=25$.

Answer:

It will take 25 months to accumulate $500 in savings.