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

Guest Nov 2, 2022

#1**0 **

*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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Guest Nov 2, 2022