ABSTRACT
Determine the total amount of money Clever and Smart have in their savings account at the end of the year. Clever and Smart started a holiday savings plan. They deposited $500 in the plan at the beginning of the year and received a Smart rate of interest of 5%. They also deposited $15 a week all year long. In addition to the interest, the bank added $26 more to their account at the end of the year. Clever and Smart are going to donate holiday gifts to the children’s center. They want to buy each child a small gift and some candy and put them into a stocking. The stockings cost $1.25. The gifts cost $3.75, and the candy costs $1.75 for each stocking. Determine what time Clever will have to put the turkey into the oven so dinner can be served at 12:30 PM. Explain each step you take and why you use that step to solve the problem.
