Question

David estimates that he will have expenses totaling $24,870 for one year of college, He will receive$7,560 in grants. Howmuch will David have to contribute each semester during this year?$4,875$8,655$9,750$17,310

Answer 1

Since there are 2 semesters per year we have:

(1/2)(24,870 - 7,560) = $8,655

David would have to contribute $8,655 per semester.

Answer 2

(24870 - 7560) / 2 = 17310/2 = 8655