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Chapter 2: Problem 13

Solve each problem by applying the four steps of problem solving. Use the strategy of solving an algebraic equation for each problem. Your goal is to save \(\$ 1200\) to pay for next year's books and fees. How much must you save each month if you have 5 months to accomplish your goal?

Short Answer

Expert verified
Answer: $240

Step by step solution

01

Define Variables

Let x represent the amount that must be saved each month.
02

Formulate the Equation

The total amount saved, \(\$1200\), can be obtained by multiplying the amount saved per month with the number of months. In this case, 5 months. So, the equation can be written as: 5x = 1200
03

Solve the Equation

We need to find the value of x. To do this, we will isolate x on one side of the equation by dividing both sides of the equation by 5: x = 1200 / 5
04

Calculate the Value of x

Now we will execute the division operation on right side of the equation: x = 240 The amount that must be saved each month is \(\$240\).

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