Answer:
$95.83 each month
Step-by-step explanation:
It is provided she needs to save $1,800 in total within a period of 2 years, that is 24 months.
Thus, in simple calculation without including any interest on her savings:
The amount she needs to save every month = [tex]\frac{1,800}{24} = 75\ dollars[/tex]
Now in the first year that is in total of 12 months she managed to collect $650 in total.
The target remaining to be achieved = $1,800 - $650 = $[tex]\frac{1,150}{12} = 95.83\ dollars[/tex]1,150
Time available = 12 months
Amount too be saved in each month = [tex]\frac{1,150}{12} = 95.83\ dollars\ per\ month[/tex]
