Phillip and Ryan are saving money for college. Phillip started with $500 in his savings account and saves $25 a week. Ryan started with $250 in his savings account and saves $25 a week. If they continue at the same rate, will Phillip and Ryan ever have the same amount of money in their savings accounts?

Question

Coby

Mathematics

24 December, 23:56

Phillip and Ryan are saving money for college. Phillip started with $500 in his savings account and saves $25 a week. Ryan started with $250 in his savings account and saves $25 a week. If they continue at the same rate, will Phillip and Ryan ever have the same amount of money in their savings accounts?

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Answers (2)

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Beau Erickson · Answer 1

I don't think so because Phillip has more to begin with and they are saving the same amount at the same rate. So unless Philip stops saving then Ryan will not catch up.

Brie · Answer 2

No they will never have the same amount of money in their bank accounts because Phillip started with $250 more then Ryan and if they both put $25 in every week then Phillip's money will always be $250 more then Ryan's