Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts 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

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.