Question

what was the amount jacob saved per month if he saved the same amount each month for 12 months and his total savings at the end of the year was $986.28?
show your work here

Explanation:

Step1: Define the problem

Let \( x \) be the amount Jacob saved per month. He saved for 12 months, so the total savings is \( 12x \). We know the total savings is $986.28.

Step2: Set up the equation

The equation is \( 12x = 986.28 \).

Step3: Solve for \( x \)

To find \( x \), we divide both sides of the equation by 12: \( x=\frac{986.28}{12} \).
Calculating the right - hand side: \( 986.28\div12 = 82.19 \).

Answer:

The amount Jacob saved per month is $82.19.