Eric saved $81 per month for a bicycle. At the end of 10 months, he found that the amount of savings he had was only
25 the price of the bicycle.
- How much was the bicycle?
- How much more must Eric save in order to buy the bicycle?
(a)
Amount that Eric saved for 10 months
= 10 x 81
= $810
Amount of savings = 2 u
Price of the bicycle = 5 u
2 u = 810
1 u = 810 ÷ 2 = 405
Price of the bicycle
= 5 u
= 5 x 405
= $2025
(b)
Amount that Eric must save more to buy the bicycle
= 2025 - 810
= $1215
Answer(s): (a) $2025; (b) $1215