Question

The cost of tuition at the college that lacy wants to attend is $12,500 per year. lacy’s family will pay 70% of the tuition cost each year. lacy has two years to save enough money to attend her first year of college. what is the minimum amount that she should save each month in order to have enough money to attend her first year of college?

Answer 1

Answer:

$156.25

Explanation

• 1 - 0.7 = 0.3
• $12,500 x 0.3 = $3750
• $3750/24 months=$156.25