SOLUTION: Lewis is saving for a down payment of $8,750 on a house. The initial amount of money he has saved is $250, and the amount of money he plans on saving every month is $340. To model

Algebra ->  Probability-and-statistics -> SOLUTION: Lewis is saving for a down payment of $8,750 on a house. The initial amount of money he has saved is $250, and the amount of money he plans on saving every month is $340. To model       Log On


   

Question 1175256: Lewis is saving for a down payment of $8,750 on a house. The initial amount of money he has saved is $250, and the amount of money he plans on saving every month is $340. To model the situation, he created this equation, where x represents the number of months and y represents the total amount of savings:
y = 250 + 340x.
Determine the missing steps and justifications.

The question and table is provided in the link here: https://i.imgur.com/70kRA21.png
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi
y = $250 + $340x
$8750 = $250 + $340x
  x = ($8750 - $250)/$340 = 25months to save the down payment
Wish You the Best in your Studies.