Jerome's teacher gave him a homework assignment on solving equations. Since he's been thinking about saving for a used car, he decided to use the assignment as an opportunity to model a savings plan. He already has 5500, and he plans to save $375 every month. To model the situation, he created this equation, where y represents the total amount saved for the car and xrepresents the number of months since he started saving 500 375x=y He then solved the equation to determine how many months he would need to save to have enough to purchase the car. Review his work and select the error Justification Step 1: 500 375xy 1 given 2. addition property of equality Step 3: Step 2.500 + 375x -500 y - 500 375xy - 500 3: simplification 375 V - 500 4. division property of equality Step 4: 376 S: simplification 500 6: substitution, y= 3.500 Step 5: 376 3,500 - 500 7: simplification Step 6: 375 Step 7: 8 X