Question

The Winkler family saved $100 each month from the time Sarah was born until she started college. Sarah started college on her 18th birthday. The college that Sarah wants to attend charges $7,200 tuition per year. Has the family saved enough to pay for 4 years’ tuition? Explain.

Answer 1

No. there are 12 months in a year, she is 18. that is 216 months. they save $100 a month, total of $21,600 for the 18 years. 7,200 times 4 is 28,800 dollars. she still needs another 7,200 dollars