Matt and Bree are saving for a new car. At the end of 2013, their total savings was $12,500 . In 2014, total savings increased to $15,550 . How much did Matt and Bree save in 2014

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MrRoyal MrRoyal · Answer 1 · 2021-01-25T01:51:32+01:00

Answer:

They saved $3000 in 2014

Step-by-step explanation:

Given

[tex]Savings (2013) = \$12500[/tex]

[tex]Total (2014) = \$15500[/tex]

Required

Determine the savings in 2014

This is calculated by subtracting the savings in 2013 from the total savings.

i.e.

[tex]Savings(2014) = Total(2014) - Savings(2013)[/tex]

This gives:

[tex]Savings(2014) = \$15500 - \$12500[/tex]

[tex]Savings(2014) = \$3000[/tex]

Hence, they saved $3000 in 2014

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