Since you’ve been so successful in your new position, you’ve decided to buy a ne

Question

Since you’ve been so successful in your new position, you’ve decided to buy a new car. Since your salary varies from month to month, Sid Dillon Auto asks that you qualify for the loan by having an average salary of AT LEAST $2500 for 6 months. Your salaries for the past 5 months have been $2800, $2500, $1800, $2400 and $2800. What amount must you earn this month to qualify for the loan? Write the inequality and solve it using the equation editor, and then write a sentence explaining your answer. Since you’ve been so successful in your new position, you’ve decided to buy a new car. Since your salary varies from month to month, Sid Dillon Auto asks that you qualify for the loan by having an average salary of AT LEAST $2500 for 6 months. Your salaries for the past 5 months have been $2800, $2500, $1800, $2400 and $2800. What amount must you earn this month to qualify for the loan? Write the inequality and solve it using the equation editor, and then write a sentence explaining your answer.

Explanation / Answer

Total earning in 5 months =$(2800+2500+1800+2400+2800)

=$12,300

Now to have average salary $ 2500 per month , he must earn total =$(2500*6) =$ 15000

So in 6th month he have to earn =$(15000-12,300) = $2700 to qualify the loan.

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