Final answer:
Candy needs to save approximately $356.71 each year on her own for 7 years to afford her first year of college tuition with her two grandfathers matching her savings.
Step-by-step explanation:
The student's question is related to determining how much Candy needs to save on her own each year to afford her first year of college tuition with the help from her two grandfathers.
Candy needs a total of $7,497, and since each grandfather is matching what she saves, this means that for every dollar Candy saves, the grandfathers will collectively contribute two dollars.
If we denote the amount Candy needs to save as S, then the total amount with the grandfather's contributions will be 3S (since each grandfather matches her amount, effectively tripling Candy's savings).
To find out how much Candy needs to save each year, we set 3S equal to $7,497 and solve for S:
3S = $7,497
S = $7,497 / 3
S = $2,499
Therefore, Candy will need to save $2,499 on her own. Since she has 7 years, we divide this number by 7 to find out her yearly savings:
$2,499 / 7 = $356.71
To meet her goal, Candy will need to save around $356.71 each year for 7 years.