Question

Tuition for one year at University of State costs $12,000 per year. Robin would like to attend the University and will save money monthly for the next four years. Her parents will give her $1,920 for her first year's tuition. How much money must Robin save per month to have enough money for first years of college at University of State?

Answer 1

If Robin needs $12,000 to pay her first year at university, and her parents will give her $1,920, she will need to save:

$12000-1920=10080$

She will need to save $10,080. As she will save money each month, during 4 years, it means she will be saving money for 48 months. To find the amount of money she needs to save each month to have enough money for her first year, we need to divide $10,080 by 48 months, this way:

$\frac{10080}{48}=210$

She needs to save $210 each month to have enough money to pay her first year at university.