18
QuizMultiple Choice

Financial Goals

Question 18 • Financial Math - MA2007 CR

Two plans for reaching a goal are given below.Plan A: Save $450 over the next 8 weeks by working 9 hours per week at $7.20 per hour.Plan B: Save $450 over the next 6 weeks by working 15 hours per week at $6.50 per hour.Which of the following is a true statement?

Answer
A
Only plan A will work for achieving the goal.
B
Only plan B will work for achieving the goal.
C
Both plans will work for achieving the goal.
D
Neither plan will work for achieving the goal.

Explanation

Plan A earns 9 × $7.20 = $64.80 per week, so over 8 weeks the total is $64.80 × 8 = $518.40. Plan B earns 15 × $6.50 = $97.50 per week, so over 6 weeks the total is $97.50 × 6 = $585. Both totals exceed the $450 goal, so the true statement is “Both plans will work for achieving the goal.”

AI-written and checked against the verified answer.

Previous
Next