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Keith has $500 in a savings account at the beginning of the summer. He wants to have at least $200 at theend of the summer. He withdraws $25 per week for food, clothing, and movie tickets. How many weekscan Keith withdraw money from his account

Question

Keith has 500inasavingsaccountatthebeginningofthesummer.Hewantstohaveatleast500 in a savings account at the beginning of the summer. He wants to have at least 200 at theend of the summer. He withdraws $25 per week for food, clothing, and movie tickets. How many weekscan Keith withdraw money from his account

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Solution

To solve this problem, we need to figure out how many weeks Keith can withdraw money from his account without going below $200.

Step 1: Determine the total amount Keith can spend without going below his 200limit.Thisishisstartingamount(200 limit. This is his starting amount (500) minus his end goal (200),whichequals200), which equals 300.

Step 2: Determine how many weeks Keith can withdraw money. This is the total amount he can spend (300)dividedbytheamounthewithdrawseachweek(300) divided by the amount he withdraws each week (25).

So, 300dividedby300 divided by 25 equals 12.

Therefore, Keith can withdraw money for 12 weeks without going below his $200 limit.

This problem has been solved

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