Question

It costs $23,000 to attend 1 year at Texas State University, and I already saved up $4,000. How much money would I have to save each month for the next year to have the full $23,000?
Round to the nearest hundredth.

Answer 1

Answer:

$\ 1583.33$

Step-by-step explanation:

Let $d$ be the amount of money you need to save each month to have the full $23,000.

We can write the following inequality:

$4,000+12d\geq 23,000$

Solving for $d$:

$4,000+12d\geq 23,000,\\12d\geq 19,000\\d\geq \approx \boxed{\ 1583.33}$