Question

The annual tuition at a public two-year college last year was $3,200. For the new school year, Elizabeth's first year in college,the tuition is expected to increase 5%. She saved the same amount monthly to prepare for the cost of her tuition. What is theminimum amount Elizabeth should have saved monthly during the previous year?$267$280$308$400

Answer 1

The correct answer is 280

Explanation:

I just took the test

Answer 2

Answer: The correct answer is $267

Explanation:

this is a trick question they give you the price of her fist year of college and then they say it is increasing by %5 but the question is "what is the minimum amount Elizabeth should have saved monthly during the PREVIOUS year?'' because we are trying to find the monthly rate paid LAST YEAR before the price rose by %5 the answer is simply, $3,200/12 = 266.6 rounded to the nearest tenth and you get 267