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Create a Plan for saving money for a certain item you want

Objective/Goal:
Timeline: Weekly
Starting Amount to be saved:
Increment Amount for the next consecutive weeks:

SAVINGS CHALLENGE/SITUATION: You saves every week such that your savings should be more than the amount of you saved from the previous week.

SOLVE: How much will you save on the 13th week?​

Sagot :

Objective/Goal:Save up for a new pair of shoes.

Timeline:Weekly

Starting Amount to be saved:PHP 100

Increment Amount for the next consecutive weeks:PHP 50

Savings Challenge/Situation: You save more each week than you did the previous week.

Solve: To find out how much you'll save on the 13th week, follow these steps:

1. Week 1: PHP 100

2. Week 2: PHP 100 + PHP 50 = PHP 150

3. Week 3: PHP 150 + PHP 50 = PHP 200

4. Week 4: PHP 200 + PHP 50 = PHP 250

5. Week 5: PHP 250 + PHP 50 = PHP 300

So on the 13th week, you'd add PHP 50 to the amount you saved the previous week.

Let's calculate it:

Week 1: PHP 100

Week 2: PHP 150

Week 3: PHP 200

Week 4: PHP 250

Week 5: PHP 300

Wecek 6: PHP 350

Week 7: PHP 400

Week 8: PHP 450

Week 9: PHP 500

Week 10: PHP 550

Week 11: PHP 600

Week 12: PHP 650

Week 13: PHP 650 + PHP 50 = PHP 700

So, you'll save PHP 700 on the 13th week.

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