SOLUTION: Rob wants to buy a new canoe that will cost $720. How long will it take him to save enough money to buy it if his cash inflows average about $420 a month and his current cash out

Question 1169091: Rob wants to buy a new canoe that will cost $720. How long will it take him to save
enough money to buy it if his cash inflows average about $420 a month and his current
cash outflows are $360 a month? Can it be answered ASAP
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.


From the context (not from the text !), the amount which Rob saves each month, is the difference inflow - outflow = $420 - $360.


Calculate this amount: it is your first step in the solution.


Your next step is to divide $720 by this amount.

Everything is quite obvious in this problem; so I really do not understand why you so panic with so simple problems.

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