Question

You have a choice between going to an in-state college where you would pay $5500 per year for tuition and an out-of-state college where the tuition is $7000 per year. The cost of Iiving is much higher at the in-state college, where you can expect to pay $1000 per month in rent, compared to $750 per month at the other college Assuming all other factors are equal, which is the less expensive choice on an annual (12-month) basis? The yearly expense of the in-state college is $_____and the yearly expense of the out-of-state college is $______. Thus on an annual basis, the less expensive choice is the (1)_______college. (Simplify your answers.) in-state out-of-state

Answer 1

Answer:

The total expense of in-state college is 17500 + x

Total expense at out state college = 160000 + x

Out-state is less expensive.

Step-by-step explanation:

Assume the expenses of both colleges = x

First, find the total expense at In-state college = Rent + Fee + other charges.

Total expense = 12 ×1000 + 5500 + x

Total expense = 17500 + x

Total expense at out state college = Rent + Fee + other charges.

Total expense at out state college = 12 ×7500 + 7000 + x

Total expense at out state college = 160000 + x

Therefore, 17500 + x > 16000 + x

Thus, Out-state is less expensive.