Question

Rebecca is a Texas resident and she plans to attend Texas Tech for all 4 years of college. She has a yearly scholarship of $10,000 and has already saved $20,000. How much more does she need to save to pay for her college education? Question 5 options: $103,104 $43,104 Her college savings is complete $73,104

Answer 1

To complete the required $m dollars for her college, she needs $(m - 60,000).

Explanation:

Suppose Rebecca needs $m to complete her college education,

because she has a yearly scholarship of $10,000, she would have $10,000 × 4 = $40,000 for the four years she would spend in college.

Together with her savings of $20,000, she has $20,000 + $40,000 = $60,000 in total.

Therefore to complete the required $m dollars for her college, she needs $(m - 60,000).