16
QuizMultiple Choice

Financial Goals

Question 16 • Financial Math - MA2007 CR

Chuy wants to buy a new television. The television costs $1,350. Chuy decides to save the same amount of money each week, for 27 weeks. After 8 weeks Chuy saved $440. Which of the following conclusions can you make about Chuy's plan?

Answer
A
Chuy has a good plan and will have exactly $1,350 saved at the end of 27 weeks.
B
Chuy must increase the amount he saves each week in order to meet his goal at the end of 27 weeks.
C
Chuy will save more than he needs and will meet his goal in less than 27 weeks.
D
There is not enough information given to make a conclusion about Chuy's plan.
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