james has 30cents and Tom has $1.86 . If James saves 5 cents a day and Tom spends 7 cents a day ,after how many days will they have equal amounts?
Let number of days be d
Then in "d" days, James will have .3 + d(.05), or .3 + .05d
Also, in "d" days, Tom will have: 1.86 - d(.07), or 1.86 - .07d
To have the same amount, we set them equal to get: .3 + .05d = 1.86 - .07d
.05d + .07d = 1.86 - .3 ------ Adding .07d, and subtracting .3 to/from both sides
.12d = 1.56
Number of days for them to have an equal amount, or: