Elias is saving to buy a skateboard that costs $49.75. How soon will Elias be able to buy the skateboard if he continues to save the same amount each month?

Question

Total Income: $75.00

Total Expenses: $75.00

Answer 1

If his income and expenses are equal, he is saving no money, so he'll never be able to buy the skateboard.

 

If his expenses were, say, $74.75, he'd save $0.25 a month and be able to buy his skateboard in 49.75/0.25 = 199 months.