Question

For the 2017-2018 school year, at a 7% inflation rate, the average costs for one year of education at a two-year college are projected to be:
Tuition/Fees:   $4,391
Living Costs:   $10,406
Books/Supplies:  $1,724
Transportation:  $2,313
Other Expenses:  $3,025

What are the projected total expenses for the 2017-2018 school year for a two-year college?

Answer 1

$ 2,1859, hope this helps

Answer 2

The projected total expenses for the 2017-2018 school year for a two-year college is $21,859

• Expenses in business are the outflow of money or cash spent.

• According to the average costs for one year of education at a two-year college, we can see that all of the costs incurred are expenses.

• To get the projected total expenses for the 2017-2018 school year for a two-year college, we will take the total cost of the fees, costs, books, transportation, and other expenses.

Total cost = 4,391 + 10,406 + 1,724 + 2,313 + 3,025

Total cost = $21,859

Hence the projected total expenses for the 2017-2018 school year for a two-year college is $21,859

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