SOLUTION: In March, a family starts saving for a vacation they are planning for the end of August. The family expects the vacation to cost $1370. They start with $125 at the start of each mo

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Question 1154895: In March, a family starts saving for a vacation they are planning for the end of August. The family expects the vacation to cost $1370. They start with $125 at the start of each month they plan to deposit 20% more than the previous month. Will they have enough money for their trip? If not, how much more do they need?
Found 2 solutions by greenestamps, MathTherapy:
Answer by greenestamps(13200)   (Show Source): You can put this solution on YOUR website!


Not enough....
March  $125
April  $150
May    $180
June   $216
July   $259.20
August $311.04
--------------
total $1201.24

They will be short by $1370-$1201.24 = $168.76
Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

In March, a family starts saving for a vacation they are planning for the end of August. The family expects the vacation to cost $1370. They start with $125 at the start of each month they plan to deposit 20% more than the previous month. Will they have enough money for their trip? If not, how much more do they need?
Correct answer: They will have saved , and would be short  

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