Math Problem Statement
Keith has $500 in a savings account at the beginning of the summer. He wants to have at least $200 at the end of the summer. He withdraws $25 per week for food, clothing, and movie tickets. How many weeks can Keith withdraw money from his account?
Solution
To determine how many weeks Keith can withdraw money from his savings account, we can set up the following inequality based on the given information:
- Keith starts with $500 in his account.
- He wants to have at least $200 left at the end of the summer.
- He withdraws $25 per week.
Step 1: Define the variables
Let represent the number of weeks he withdraws money.
Step 2: Set up the inequality
Each week, Keith withdraws $25, so after weeks, he will have withdrawn dollars. The total amount left in his account after weeks is:
We want this amount to be at least $200, so we write the inequality:
Step 3: Solve the inequality
- Subtract 200 from both sides:
- Subtract 300 from both sides:
- Divide by -25, remembering to flip the inequality sign:
Final Answer:
Keith can withdraw money for up to 12 weeks before his balance drops below $200.
Would you like more details or have any further questions?
Here are 5 related questions for more practice:
- If Keith wanted to have at least $300 at the end of the summer, how many weeks could he withdraw money?
- What if Keith increased his weekly withdrawals to $30, how many weeks could he withdraw?
- How much money will Keith have after 10 weeks of withdrawals?
- If Keith's account had an interest rate, how would that affect the calculation?
- What if Keith made an additional deposit of $100 halfway through the summer?
Tip: When solving inequalities, always remember to reverse the inequality sign when dividing or multiplying by a negative number.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Inequalities
Linear Equations
Algebra
Formulas
500 - 25w ≥ 200
Solving linear inequalities
Theorems
Properties of Inequalities
Reverse inequality sign when dividing by a negative
Suitable Grade Level
Grades 6-8
Related Recommendation
Solve Linear Inequality for Weekly Withdrawals: Michael's Savings Problem
Solving Linear Inequality for Weekly Withdrawals from a $200 Bank Account
Solve a Linear Equation: Saving $500 by Saving $25 per Week
Linear Savings Equation - Weekly Deposits and Future Balance
Solve Linear Inequality for Weekly Deposits