It won't. Both are increasing by 1.5 every year. If you graph that, the lines will be parallel. Parallel lines have no intercept.
So, ($299.95)(. 30) = $89.99
$299.95 - $89.99= $209.96
($209.96)(.05)=$10.50
$209.96 + $10.50 = $220.46
No, she can't afford it