Question

you are going to a 4 year college in 4 years that will cost $14,895.00 yr. your parents expect you to pay 5% of the total cost.

3. how much do you need to pay each year of attending?




4. if you want to save total contribution for all 4 years befor you start attending college, how much do you need to save each month if you have 4 years to accomplish your goal?

Answer 1

What part are you stuck on?

Answer 2

all of it im not good in math

Answer 3

First, you are being asked to pay 5% of the total cost. So what is 5% of 14895.00?

Answer 4

74475 is it this

Answer 5

@eSpeX

Answer 6

Adjust your decimal place, but yes, that is 5%

Answer 7

So question 3 is then asking you how much would you have to pay each of the 4 years to have it paid off by the time you graduate.

Answer 8

So what is your 5% divided by 4?

Answer 9

20

Answer 10

heh, no, your 5%, which equals 744.75. :)

Answer 11

3723.75

Answer 12

How did you get that?

Answer 13

by multiplying

Answer 14

You are asked, what is 5% of 14895.00, in math speak that is
x= 0.05 * 14895.00
x = 744.75

Then you want to know how much you would pay each of the 4 years to get that 744.75.
In math speak you are asked, x = 744.75/4
So what is x?

Answer 15

186.1875

Answer 16

Exactly.

Answer 17

Looking at the problem statement, it looks like it says 14,895.00 per year, is that right? It will change the numbers a little but we can use the same process.

Answer 18

yea

Answer 19

Okay, so it will change slightly then.

Answer 20

To start you want ot find the total tuition.
14,895.55 * 4 = 59,580.00
Then 5% of 59598, 0.05*59580= 2979.00
2979/4 = 744.75 a year must be paid.

Answer 21

Then question 4 asks you how much each month would you need to save if you were paying the total contribution before you were to attend.

Answer 22

Since you have 4 years to save, and you are asked about a monthly sum, how many months are there in 4 years?

Answer 23

wait im lost so #3 is 186.1875 ?

Answer 24

No, that was my bad as I misread the question. I read a total tuition of 14895, when in fact that was a yearly tuition.

Answer 25

Since they gave you 14,895.00 per year, then your total tuition was 59,580.00 and you are asked to pay 5% of that. 59580 * 0.05 = 2979.00 and dividing that by 4 gives you 744.75 per year.
So the answer to 3 is $744.75 per year.

Answer 26

ok thank you I was lost so number for is wat he save know ?

Answer 27

Number 4 is asking you how much you need to save each month to get your total contribution.

Answer 28

You have 4 years to save 2979.00, how much each month will you need to save?

Answer 29

ok so I just subtuct then right ?

Answer 30

First, how many months are there in 4 years?

Answer 31

48

Answer 32

Good, now you only need to divide your 2979 over 48 months to get your answer. In other words, what is 2979/48?