Tom is saving $3000. He deposits $200, then a fixed amount every month for 5 months. Then gets a check for 3 times the total amount saved so far. When depositing the check, he now has $400 extra. What was the fixed amount deposited each month?
tom saving 3000 dollars
deposit 200 dollars
let the fixes amount be x
total saving for 5months =5x
3 x 5x
the fixed amount is 240 dollars
That's incorrect. That would make the final total to be $4200, instead of $3400.
240 (fixed amount) x 5 (months) = 1200
1200 + 200 (initial amount deposited) = 1400
1400 x 3 (amount for the check deposit) = 4200
OK THANKS FOR THE CORRECTION I HAVE APPRECIATED I INCURRED ERROR OF ADDITION
Do you know what the fixed amount would be?
$280 would be equivilant to $4800. I need the total to equal $3400. It must be a smaller amount than $200 to make sense. Do you know how to set up the problem, or do I need to ask someone else?
Please, check your work. There is no possible way for it to be over $200. If it was $226, as you stated, the balance would be $4590.
let me check and I will get back to you
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