Question
Liam is saving money to buy a new bicycle. He
currently has saved up. Each week, he adds
to his savings. Liam wants to know how many
weeks it will take for him to have total.

To find out how long it will take Liam to reach his goal, we can set up a simple equation. He currently has and adds each week. To reach , he needs an additional (since ). Dividing that by the he’s saving each week, we get . So, it’ll take Liam 5 weeks to reach his goal!

Reaching financial goals is not just limited to a new bicycle; it builds a sense of responsibility and budgeting skills! Whether it’s a video game, a new gadget, or even saving for future adventures, setting a savings target like Liam’s is a great practice for young savers. Plus, it’s exciting to watch those savings grow!