5. Bao is considering getting a part-time job. Instead of taking money out of his account each month, he would put money in. His account still has \( \$ 175 \), and his goal is to have at least \( \$ 1,000 \) in the account a year from now. a Write an inequality where \( x \) represents the amount of money Bao should put in each month to reach his goal. b Solve the inequality you wrote and explain what the solutions mean in Bao's situation.
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To solve Bao’s situation, we can set up the inequality based on his current funds, desired amount, and time frame. Since he currently has \$175 and wants at least \$1,000 in a year (which is 12 months), we can write: a) The inequality would be: \[ 175 + 12x \geq 1000 \] b) To solve for \( x \), we first subtract 175 from both sides: \[ 12x \geq 1000 - 175 \] \[ 12x \geq 825 \] Now, we divide both sides by 12: \[ x \geq \frac{825}{12} \] \[ x \geq 68.75 \] This means Bao needs to put in at least \$68.75 per month to reach his goal of \$1,000 in one year. If he puts in less than this amount, he won't meet his target. Essentially, every month he adds this minimum amount will steadily grow his savings, but consistency is key!