gina has 250 in her saving account she puts in 4% of her monthly paycheck of 3,100 each month rodger has 350 in his savings account and put in 3% of his monthly salery of 2,900 each month in how many months to the nearest month will gina have more in her account than rodger does

Question
Answer:
Answer: 3 months Explanation: Amount saved in Gina’s saving account= 250 Amount Gina puts  in her account each month= 4% of 3100 =[tex]\frac{4}{100} \times 3100[/tex]= 4 × 31 = 124 Hence total amount  added in each month =124 Therefore money credited x months = 250 + 124 x Amount saved in Rodger’s account = 350 Amount Rodger puts in his account each month = 3% of 2900 =[tex]\frac{3}{100} \times 290[/tex] =87 Hence total amount added in each month = 87 Therefore money credited x months =350 + 87 x Now to calculate the nearest month when Gina have more in her account than Rodger does =Amount of money credited in x months in Gina’s account ≥  Amount of money credited in x months in Rodger’s account =250+124 x ≥ 350+87 x =37 x≥100 = x≥2.78=3
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general 10 months ago 7211