Question

11. Little Sally Walker has a choice between going to an in-state college where she would pay

$3,500 per year for tuition or an out of state college where she would pay $6,000 per year. The
cost of living at the in-state college is $700 per month in rent. The out of state college is $400
per month in rent. Assuming all the other factors are equal,
a. what is the yearly expense of the in-state college?
b. what is the yearly expense of the out-of-state college?

Answer 1

Explanation:

Lets calculate first for in state college

yearly tuition fees = $3,500

monthly living expense = $700

one year has 12 months so yearly living expense =$700 * 12 = $8,400

Yearly expense of the in state college = yearly tuition fees ($3,500 )+ yearly living expense($8,400) = $3,500 + $8,400 = $11,900

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Lets calculate first for out of state college

yearly tuition fees = $6,000

monthly living expense = $400

one year has 12 months so yearly living expense =$400 * 12 = $4,800

Yearly expense of the out of state college = yearly tuition fees ($3,500 )+ yearly living expense($8,400) = $6,000 + $4,800 = $10,800

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