Question

Tamara's tuition for her first year

of college costs $8,240. Tamara

received a scholarship that will

cover of the cost. If Tamara has

two years to save up the remaining

amount, how much should she save

each month in order to meet her

goal?

Answer 1

Check Explanation

Explanation:

The question is incomplete. But I can explain in a way that the full question can be easily solvable.

Note that the missing part of the question is percentage or fraction of the total college tuition cost that the scholarship covers.

For the sake of clarity, let us assume that the scholarship covers 60% of the total college tuition costs.

This means that Tamara still has to raise 40% of the total college tuition cost herself over the space of 2 years (24 months)

The total college tuition cost = $8240

Amount that Tamara still needs to raise = 40% × 8240 = $3296

She has to raise this amount over 2 years (24 months) on a monthly basis.

So, the amount she has to save monthly over 24 months = (3296/24) = $137.333

So, whatever the fraction or percentage of the total college tuition cost that the scholarship covers, just divide the rest of the college tuition cost after the scholarship has done its part (1 - fraction or 100% - percentage) by 24 months.

The answer is the amount that Tamara needs to save monthly.

Hope this Helps!!!!