Michael saved $98 per month for a bicycle. At the end of 10 months, he found that the amount of savings he had was only
23 the price of the bicycle.
- How much was the bicycle?
- How much more must Michael save in order to buy the bicycle?
(a)
Amount that Michael saved for 10 months
= 10 x 98
= $980
Amount of savings = 2 u
Price of the bicycle = 3 u
2 u = 980
1 u = 980 ÷ 2 = 490
Price of the bicycle
= 3 u
= 3 x 490
= $1470
(b)
Amount that Michael must save more to buy the bicycle
= 1470 - 980
= $490
Answer(s): (a) $1470; (b) $490