Question

The total cost of attending a state university is $19,700 for the first year.

•A student’s grandparents will pay half of this cost
•An athletic scholarship will pay another $5000
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

$ 404.17 every month

Explanation:

$19,700/2 =$9,850

$9,850-$5,000= $4,850

$4,850/12 = $404.1666666666667

rounds to $ 404.17