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James has $1,500 in his bank account. He deposits $250 per month. How many months will it take him to have an account balance of $3,250? Responses

 Nov 2, 2022
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James has $1,500 in his bank account. He deposits $250 per month. How many months will it take him to have an account balance of $3,250? Responses  

 

James wants to have 3250 and he already has 1500, so he needs to add another 1750. 

 

How many months of 250 will it take to get 1750?     Divide  1750 / 250 = 7  

 

So, assuming his account doesn't pay any interest, it will take James 7 months to get there.  

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 Nov 2, 2022

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