one month ago, kyle made a goal to save $800 for a new video camera. the deadline is in seven months. he now…
one month ago, kyle made a goal to save $800 for a new video camera. the deadline is in seven months. he now has $110 saved. evaluate his progress toward reaching his goal. is kyle on track to reach his goal?\nyes\nno
Answer
Explanation:
Step1: Calculate remaining time
The deadline is in 7 months and 1 month has passed, so remaining time is $7 - 1=6$ months.
Step2: Calculate remaining amount
The goal is $800$ and he has $110$ saved, so remaining amount is $800 - 110 = 690$.
Step3: Calculate average monthly savings needed
To find out the average amount he needs to save per month for the remaining 6 months, we divide the remaining amount by the remaining months. So, $\frac{690}{6}=115$. Since he has only saved $110$ so far, and he needs to save at least $115$ per month on average for the remaining 6 months to reach his goal, he is not on track.
Answer:
No