Problema Solution
Kevin deposited $250 each month for the first three months in his savings account and then deposited $302.50 each month for next four months.
What is the average amount, in dollars, Kevin deposited each month?
Answer provided by our tutors
he was depositing money in 7 months thus the solution is the sum of the total money deposited in those 7 month divided by 7:
((250*3)+(302.50*4))/7 = (750+1210)/7 = 1960/7 = $280
the average amount that Kevin deposited each month is $280.