Question

rocky has chosen to attend a college with a tuition cost of $15,000 per year. rocky has also earned$7,000 in scholarships and grants and his parents have agreed to pay 20% of his tuition after that. if rocky has one year to save for his part of the tuition, what is the minimum he needs to save each month to pay for his first year of college? PLZ REPLY ASAP​

Answer 1

$533.33333

Explanation:

total cost=$15000

scholarships and grants=$7000

Parent's contribution= 20%of ($15000-$7000)

=20%×$8000=$1600

Rocky's part=$8000-$1600=$6400

Has 1 year to save for his part.=12 months.

6400÷12=$533.33333.