Question
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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.

Ask by Griffin Mann. in the United States
Feb 03,2025

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Answer

To reach his goal of \$1,000 in one year, Bao needs to deposit at least \$68.75 each month.

Solution

To solve Bao's problem, we will follow the steps outlined: ### Step 1: Extract Known Conditions - Current amount in the account: \( \$ 175 \) - Goal amount in the account: \( \$ 1,000 \) - Time frame: 1 year (which is 12 months) - Let \( x \) represent the amount of money Bao puts in each month. ### Step 2: Write the Inequality To find out how much Bao needs to put in each month, we can set up the following inequality: \[ 175 + 12x \geq 1000 \] This inequality states that the current amount in the account plus the total amount he will deposit over 12 months must be at least \( \$ 1,000 \). ### Step 3: Solve the Inequality Now, we will solve the inequality \( 175 + 12x \geq 1000 \). 1. Subtract \( 175 \) from both sides: \[ 12x \geq 1000 - 175 \] \[ 12x \geq 825 \] 2. Divide both sides by \( 12 \): \[ x \geq \frac{825}{12} \] Now, we will calculate \( \frac{825}{12} \). ### Step 4: Calculate the Value Let's perform the calculation: \[ \frac{825}{12} = 68.75 \] ### Step 5: Interpret the Solution The solution to the inequality is: \[ x \geq 68.75 \] This means that Bao needs to put in at least \( \$ 68.75 \) each month to reach his goal of having at least \( \$ 1,000 \) in his account after one year. ### Conclusion In summary: - **Inequality**: \( 175 + 12x \geq 1000 \) - **Solution**: \( x \geq 68.75 \) This indicates that if Bao deposits \( \$ 68.75 \) or more each month, he will achieve his goal of \( \$ 1,000 \) in his account by the end of the year.

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Mind Expander

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!

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