Question

Audrey and her family are discussing how to pay for her college

education. The cost of tuition at the college that Audrey wants to
attend is $11,000 per year. Audrey's parents will pay 85% of the
tuition cost every year, and she will pay the rest. Audrey has one
year to save enough money to attend her first year of college. What
is the minimum amount of money she should save every month in
order to reach her goal?

Answer 1

$137.50

Explanation:

11,000 x .15 (100-.85)=$1.650 amount she will have to pay annually.

$1,650/12months = $137.50 is minimum to save monthly.