Allen saves $162 a month. Allen saves $43 less each month than Lane. How much will Lane save in 2 years?
Calculate Lane's monthly savings:
Lane's monthly savings = Allen's monthly savings + 43 (since Allan saves 43 less than Lane)
Lane's monthly savings = 162 + 43
Lane's monthly savings = 205
1 year = 12 months
2 years = 24 months
So we have:
Lane's savings in 2 years = Lane's monthly savings * 24 months
Lane's savings in 2 years = 205 * 24
Lane's savings in 2 years = 4,920
Calculate Lane's monthly savings:
Lane's monthly savings = Allen's monthly savings + 43 (since Allan saves 43 less than Lane)
Lane's monthly savings = 162 + 43
Lane's monthly savings = 205
1 year = 12 months
2 years = 24 months
So we have:
Lane's savings in 2 years = Lane's monthly savings * 24 months
Lane's savings in 2 years = 205 * 24
Lane's savings in 2 years = 4,920