Last year, manuel saved $50 per month . this year, he increases his monthly savings by 25%. he plans to buy a smart phone for $375. at this rate, how long will it take him to save enough money to buy the smart phone if he starts saving for it this year?
First multiply 50 and .25 to find out how much extra he is saving, $12.5 Then add that to 50 to get $62.5. Divide $375 by $62.5 to get 6. It will take 6 months to save the money. Hope this helps!