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AB.3 Compare saving options

Aria wants to buy a telescope. She is comparing two savings plans.

Plan A: Save $24 per month for 10 months.
Plan B: Save $7 per week for 40 weeks.

Select the true statement about the two plans.

Mateo deposits $12 into his savings account every week for 15 weeks. During that time, he earns $6 in interest.

What is the balance in Mateo's savings account after 15 weeks?

Sienna wants to buy an electronic keyboard. She is considering two savings plans.

Plan A: Save $35 per month for 8 months.
Plan B: Save $8 per week for 32 weeks.

Select the true statement about the two plans.

Eli is saving money for a camping trip. He puts $18 into his savings account each week for 12 weeks. His account earns $9 in interest.
How much money will Eli have in his savings account after 12 weeks?

Priya wants to buy a sewing machine. She compares two ways to save for 6 months.

Plan A: Save $48 per month for 6 months.
Plan B: Save $11 per week for 24 weeks.

Which statement is true?

Mason wants to buy a kayak that costs $360. He has no savings now and is considering two plans.

Plan A: Save $16 each week for 23 weeks. Keep the money at home.
Plan B: Save $15 each week for 24 weeks. Put the money in a savings account and earn $3 in interest.

Which plan should Mason follow to save enough money to buy the kayak?

Ava has $400 and wants to deposit it into a savings account for one year.

Pine Valley Bank pays $2 interest each year for every $100 in savings.
Silver Lake Bank pays $3 interest each year for every $100 in savings.
Silver Lake Bank charges a $5 yearly fee.

Which bank has the better savings option for Ava?

Jalen is saving money to buy a new skateboard. He can keep his money in a box at home or deposit it into a savings account that pays interest.
Which statement is true?

Layla has $500 to save for one year.

- Forest Bank pays $2 interest for every $100 saved.
- Mountain Bank pays $4 interest for every $100 saved.
- Mountain Bank charges a $7 yearly fee.

Which bank will give Layla the greater balance after one year?

Bryce earns money doing chores. He is deciding whether to keep his savings in his bedroom or deposit the money into a savings account.
Which is a benefit of putting his money into a savings account?

Lucas has $700 to save for one year.

- Sunrise Bank pays $2 interest for every $100 saved.
- Moonlight Bank pays $3 interest for every $100 saved.
- Moonlight Bank charges a $10 yearly fee.

Which bank has the better savings option for Lucas?

Henry has $400 to save for one year.

- Green Hill Bank pays $3 interest for every $100 saved.
- Clear Water Bank pays $2 interest for every $100 saved.
- Clear Water Bank gives Henry a $6 reward for opening an account.

Which bank will give Henry the greater balance after one year?

Dylan has $800 to deposit into a savings account for one year.

- Blue Sky Bank pays $2 interest for every $100 saved and gives a $4 opening reward.
- Red Canyon Bank pays $3 interest for every $100 saved but charges a $5 yearly fee.

Which bank will give Dylan the greater balance after one year?

Serena wants to save money for a pottery wheel.

Option A: Save $45 each month for 8 months.
Option B: Save $12 each week for 30 weeks.

Which statement is true?

Dante needs $280 for a new set of golf clubs.

Option A: Save $20 each week.
Option B: Save $35 every two weeks.

Which option will allow Dante to reach $280 sooner?

Bella has $800 to save for one year.

Option A: Earn $2 interest for every $100 saved and receive a $5 opening reward.
Option B: Earn $3 interest for every $100 saved but pay a $4 yearly fee.

Which statement is true?

Evan wants to save $420 to buy a new electric scooter.

Option A: Save $30 each week.
Option B: Save $70 every 3 weeks.

Which option will allow Evan to reach his savings goal sooner?

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