Mike plans to save money for their wedding over a 20 month period. they will need to save $8,000 to pay for the wedding. they set aside the same amount each month. after a year they saved $4,000. mike and kate know they must adjust their plan in order to meet their goal, so they came up with the following options:
option a: stay with saving the same amount they've been saving each month but postpone the wedding 2 months.
option b: increase the amount of money they save each month by $80 from what they've been saving.
which of the following is a true statement?
a.
only option a wil

Neither option A nor option B will allow them to meet their goal.

Step-by-step explanation:

Consider the provided statement.

Mike plans to save money for their wedding over a 20 month period. They will need to save $8,000 to help pay for the wedding.

After a year they saved $4,000.

That means in 12 months they need to save $4000.

So, in 1 month they saved 4000/12 = $333.3

Now they have 8 months because 20 - 12 = 8 months.

To save $8000 they need to save $4000 in remaining months.

Consider the provided options.

Option A: Stay with saving the same amount they've been saving each month but postpone the wedding 2 months.

If they save the same amount and postpone their wedding by 2 month then they will have 8 + 2 = 10 months.

They need to save $4000 in 10 months.

They can save $333.3 each month so in 10 months they can save:

$333.3 × 10 = $3333.3

Which is less than $4000.

So option A will not work.

Now consider the option B. Increase the amount of money they save each month by $80 from what they've been saving.

Previously they was saving $333.3 Now increase the saving by $80

$333.3 + $80 = $413.3

The number of month they have is 8.

The total savings in 8 month is: $413.3 × 8 = $3306.4

$4000 + $3306.4 = $7306.4

Which is less than $8000.

So option B will not work.

Hence, Neither option A nor option B will allow them to meet their goal.

%40

step-by-step explanation: