Question

Maria estimates college tuition and fees, room and board, books, and other charges total $10,100. She will receive a scholarship for $1100. If she has 4 years to save, how much should she save per month to cover the costs of college (minus the scholarship)?

A.
$2525.00


B.
$2250.00


C.
$210.42


D.
$187.50

Answer 1

Maria need to save 187.50 a month for the next. 4 years.

Answer 2

(10,100-1100)/(12×4) = 9,000/48 = $187.50
D. $187.50