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Suppose you are saving $50 each month. After month 1, you have $50. After month 2, you have $100. After month 3, you have $150. After month 4, you have $200, and this pattern continues. How much money will you have saved after 7 months?

Question

Suppose you are saving 50eachmonth.Aftermonth1,youhave50 each month. After month 1, you have 50. After month 2, you have 100.Aftermonth3,youhave100. After month 3, you have 150. After month 4, you have $200, and this pattern continues. How much money will you have saved after 7 months?

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Solution

After 7 months of saving 50eachmonth,youwillhavesaved50 each month, you will have saved 350. This is calculated by multiplying the amount saved each month (50)bythenumberofmonths(7).So,50) by the number of months (7). So, 50 * 7 = $350.

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