SOLUTION: Kevin deposited $250 each month for the first 3 months in his savings account. Then, he deposited $302.50 each month for the next 4 months. What is the average amount that Kev

Algebra ->  Finance -> SOLUTION: Kevin deposited $250 each month for the first 3 months in his savings account. Then, he deposited $302.50 each month for the next 4 months. What is the average amount that Kev      Log On


   

Question 983361: Kevin deposited $250 each month for the first 3 months in his savings account. Then, he deposited $302.50 each month for the next 4 months.

What is the average amount that Kevin deposited each month?
Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
.
Average=total amount/number of months
Average=(3($250)+4($302.50))/3 months + 4 moonths
Average=($750+$$1210)/7 months
Average=$1960/7 months=$280 per month
ANSWER: Average deposit was $280 per month.