Planning a Savings Goal 💰
Show your working for all calculations.
1. Weekly Savings for a New Bike
Jordan wants to buy a bike that costs $420. He can save $15 each week.
a) How many weeks will it take Jordan to save enough money?
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b) How many months is this? (Assume 4 weeks = 1 month)
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2. Monthly Savings for a Gaming Console
Aroha wants to buy a gaming console for $650. She saves $50 per month.
a) How many months will it take her to reach her goal?
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b) If she starts saving in February, in which month will she have enough money?
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3. Comparing Savings Plans
Marcus wants to save $1,200 for a school trip.
a) If he saves $40 per week, how many weeks will it take?
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b) If he saves $160 per month instead, how many months will it take?
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c) Which savings plan gets him to his goal faster?
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4. Starting with Existing Savings
Lily has already saved $180 and wants to buy a laptop that costs $900. She can save $30 each week.
a) How much more does she need to save?
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b) How many weeks will it take to save the remaining amount?
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5. Your Own Savings Goal
Choose something you would like to save for and create your own savings plan.
Item: _______________________________________________ Cost: $__________
Amount I can save each week: $__________
Calculate how long it will take you to reach your goal:
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