Ivan had saved $500 from his summer job. He will need $75 per month when he returns to school in the fall, but wants to keep at least $50 in reserve. Which of the following inequalities best describes the number of months, m, Ivan can use his funds, assuming there are no other additions to or withdrawals from his savings?Choose 1 answer:(A) 500-75 m<50 (B) 500+75 m<50 (C) 500−75m≥50(D) 500+75m≥50
Q. Ivan had saved $500 from his summer job. He will need $75 per month when he returns to school in the fall, but wants to keep at least $50 in reserve. Which of the following inequalities best describes the number of months, m, Ivan can use his funds, assuming there are no other additions to or withdrawals from his savings?Choose 1 answer:(A) 500−75m<50(B) 500+75m<50(C) 500−75m≥50(D) 500+75m≥50
Determine Initial Amount: Determine the initial amount of money Ivan has and the amount he wants to keep in reserve. Ivan has $500 and wants to keep at least $50 in reserve.
Calculate Remaining Amount: Calculate the amount Ivan can use after keeping the reserve. Ivan can use $500−$50=$450 for his monthly expenses.
Find Monthly Expense: Determine the monthly expense. Ivan needs $75 per month when he returns to school.
Set Up Inequality: Set up the inequality to represent the situation. The amount Ivan can use must be greater than or equal to the total expenses over m months. The inequality is $450≥$75m, which simplifies to $500−$75m≥$50.
Choose Correct Inequality: Choose the correct inequality from the given options that matches the one we found in Step 4. The correct inequality is (C) 500−75m≥50.
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