Respuesta :
Given↷
- Total cost for a state school ⇢$72,000
- Amount Julia's family has saved⇢$50,000
- Amount her family is going to save per month ⇢$250
- Julia's current age⇢14
To find ↷
- Amount of money Julia will need in financial aid to pay for her education
Answer↷
- $10,000
Solution ↷
Let the amount of money she needs in addition to pay for her education be ,'x'.
Then,
According to the question,
Amount they have saved + amount they're going to save per month for next 4 years + the financial aid = Total amount they need
- $50,000+ $250 x 12 x 4 + x = $72,000
- $50,000 + $12,000 + x = $72,000
- $62,000 + x = $72,000
- x = $72,000-$62,000
- x = $10,000
4 years :-
- 4(12)
- 48months
Monthly save:-$ 250
Yearly save:-
- 250(12)
- 3000$
Save for 4years:-
- 3000(4)=12000$
Total amount=50000+12000=62000$
Amount of financial aid:-
- 72000-62000
- 10000$