Question

Raylan saved $8,000 for college expenses. Raylan's family gave her $20,000 to add to that

amount. Raylan will not add any additional money to her bank account for college. Each month
at college will cost Raylan $1,200. How much money will Raylan have after 6 months?

Answer 1

$20,800

Explanation:

She had $8,000. Then, her parents gave her $20,000. So, 20,000+ 8,000= 28,000.

But, we're not done. It says that every month costs her 1,200. It is asking for the cost of 6 months. So, we will multiply 1,200 x 6= 7,200.

Again, we aren't done. We need to know how much she will have left in her bank account. So, we will subtract 28,000- 7,200= 20,800

The answer: $20,800