Question

Henry wants to attend a college that will cost 17000 for the first year. His uncle gave him a special gift if 11000 to use toward the cost. Henry plans to attend the college in 4 years. How much must Henry save each month to have enough for the first year cost?

Answer 1

Given:-

Henry wants to attend a college that will cost 17000 for the first year. His uncle gave him a special gift if 11000 to use toward the cost. Henry plans to attend the college in 4 years.

To find:-

How much must Henry save each month to have enough for the first year cost?

So henry has 11000 and the remaining needed is,

`17000-11000=6000`

So henry needs a remaing of 6000 rupees in 4 years.

Since 4 years has 48 months. we divide 6000 by 48. so we get,

`(6000)/(48)=125`

So henry needs to save 125 rupees per month.