PLEASE NOTE: All questions below use the same scenario. You must convert the months to years. A certain college that four students want to attend charges of $8,008 for tuition and fees each year. Room and housing are an additional $8,392 per year. Calculate how much money each student and family will need to save for the first year of college.

1. How much money will the student and family below need to save for the first year of college?

Scholarship - $1,000

Grant - $1,000

Student Loan - $4,500

Months - 42

a. $16,400

b. $6,500

c. $2,828.57

d. $235.71

2. How much money will the student and family below need to save for the first year of college?

Scholarship - $6,000

Grant - $500

Student Loan - $4,500

Months - 24

a. $2,700

b. $16,400

c. $11,000

d. $225.00

3. How much money will the student and family below need to save for the first year of college?

Scholarship - $10,000

Grant - $2,000

Student Loan - $0

Months - 18

a. $16,400

b. $4,400

c. $244.44

d. $2,933.33

4. How much money will the student and family below need to save for the first year of college?

Scholarship - $3,000

Grant - $2,000

Student Loan - $4,500

Months - 39

a. $6,900

b. $176.92

c. $2,123.08

d. $16,400

1.) C

2.) A

3.) D

4.) C

Step-by-step explanation: Given that the

$8,008 for tuition and fees each year.

Room and housing are an additional $8,392 per year.

Total = 8008 + 8392 = $16400

1.) Scholarship - $1,000

Grant - $1,000

Student Loan - $4,500

Months - 42

Yearly = 42/12 = 3.5 years

Total support = 1000 + 1000 + 4500

= $6500

Savings = 16400 - 6500 = 9900

First year savings = 9900/3.5

= 2828.57 dollars

2. Scholarship - $6,000

Grant - $500

Student Loan - $4,500

Months - 24

Yearly = 24/12 = 2

Support = 4500 + 6000 + 500

= $11000

Savings = 16400 - 11000

= 5400 dollars

First year savings = 5400/2

= 2700 dollars

3.) Scholarship - $10,000

Grant - $2,000

Student Loan - $0

Months - 18

Yearly = 18/12 = 1.5

Support = 10000 + 2000 = $12000

Savings = 16400 - 12000

= 14400 dollars

First year savings = 4400/1.5

= 2933.33 dollars

4.) Scholarship - $3,000

Grant - $2,000

Student Loan - $4,500

Months - 39

Yearly = 39/12 = 3.25

Support = 3000 + 2000 + 4500

= 9500 dollars

Savings = 16400 - 9500 = $6900

First year savings = 6900/3.25

= $2123.08

not enough information

step-by-step explanation:

we cannot know this, because the other students could have handed out 10 flyers, or they could have handed out 100. one way, the mean would go up, and another way, the mean would go down.

answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

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