Question 1184495: Is it D? I want to check my answer.
James currently has $215 in a savings account. Every month, he deposits an additional $45 into his account. James had to replace the wooden fence around his house for a total of $4,100, and his zero-interest payment plan requires $168 per month.
If James uses all of his budgeted savings to help pay off the fence, in addition to the monthly payment, what will be the remaining balance on the fence after 12 months?
A. $2,084
B. $1,869
C. $1,544
D. $1,329
E. The balance will be completely paid off.
Found 2 solutions by MathLover1, MathTherapy:
Answer by MathLover1(20850)   (Show Source):
Answer by MathTherapy(10552)  (Show Source):
You can put this solution on YOUR website!
Is it D? I want to check my answer.
James currently has $215 in a savings account. Every month, he deposits an additional $45 into his account. James had to replace the wooden fence around his house for a total of $4,100, and his zero-interest payment plan requires $168 per month.
If James uses all of his budgeted savings to help pay off the fence, in addition to the monthly payment, what will be the remaining balance on the fence after 12 months?
A. $2,084
B. $1,869
C. $1,544
D. $1,329
E. The balance will be completely paid off.
Yes, it is CHOICE D. That WOMAN is WRONG, yet again!
Cost of fence: $4,100
Savings after 1 year: $215 + 12(45) = $755
Payments after 1 year: $168(12) = $2,016
Total payments (including savings) after 1 year: $755 + 2,016 = $2,771
Remaining balance: $4,100 - 2,771 = $1,329
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