Question

A total cost of attending a state university is 19,700 for this year

a student grandparents will pay of this half

an athletic scholarship will pay another 5,000
Which amount is closest to the minimum that the student will need to save every month in order to pay off the remaining cost at the end of 12 months

Answer 1

Explanation:

Half is paid by grandparents :

`(19700)/(2) = 9850`

Therefore, amount paid by scholarship and grandparents:

`9850 + 5000 = 14850`

Find the amount needed to pay :

`19700 - 14850 = 4850`

then the student need to save per month :

`4850 / 12 = 404.167`

Therefore the closest minimum is 405 per month