Question

The total cost of attending a state university is $22,700 for the first year.

A student's parents will pay half of this cost.
. Academic scholarships will pay another $8,300.
• The student will need to save money to pay for the remaining cost.

Use this information to complete the following statements.

The students parents will pay _____. The student needs to save a total of ____ to pay the remaining cost. If the student plans to save the needed amount in 12 months, then he/she should save _____ each month

Answer 1

Total cost of attending university per year: $22,700

Parent's will pay half of it: ?

To know half of the number, we divide it by 2.

= $22,700 ÷ 2 = $11,350

Parents will pay: $11,350

Academic scholarship will pay: $8,300

= $11,350 - $8,300 = $3,050

So, The student have to save a total of $3,050.

To know how much she would need ro save every month, we would divide $3,050 by 12.

= $3,050 ÷ 12 = $254.15

The student Parents will pay $11,350. The student needs to save a total of $3,050 to pay the remaining cost. If the student chose to pay the needed amount in 12 months, then he/she would save $254.15 every month.