Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

The cost of tuition at a 2 year school is $14,000 per academic year. Todd is eligible for $6,500 in financial aid to cover tuition each year. He will save money for one year to cover the remaining cost of tuition for his two years of school.

What is the minimum amount of money he needs to save each month?


$540

$625

$675

$1,250

Sagot :

luclaporte2

Answer:

$625

Step-by-step explanation:

If Todd has to pay $14,000 in tuition for his school each year and uses $6,500 in financial aid each year all for 2 years, the money he needs to save can be modeled by:

2(-$14000 + $6500) + 2(12x) = 0.

x is the minimum amount of money he needs to save in order to cover this expense without debt.

Thus 2(-$14000 + $6500) + 2(12x) = 0 →

2(-$7500) + 24x = 0 → -$15000 + 24x = 0 →

24x = $15000 → x = $625

VERIFIEDNOT

Answer:

$625

Step-by-step explanation:

If Todd has to pay $14,000 in tuition for his school each year and uses $6,500 in financial aid each year all for 2 years, the money he needs to save can be modeled by:

2(-$14000 + $6500) + 2(12x) = 0.

x is the minimum amount of money he needs to save in order to cover this expense without debt.

Thus 2(-$14000 + $6500) + 2(12x) = 0 →

2(-$7500) + 24x = 0 → -$15000 + 24x = 0 →

24x = $15000 → x = $625

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.