Question

Julia's family wants to save for her four-year college education. After some research, they
estimate that the total cost for a state school will be about $72,000. They have saved $50,000
so far, and Julia is 14 years old. If her family saves $250 a month for the next 4 years, how much
money will Julia need in financial aid to pay for her education?

Answer 1

Answer:

She will need $10000 in financial aid

Step-by-step explanation:

Step 1:  Determine the money in 4 yeras

$250 a month * (4 years * 12 months per year)

$250 a month * (48 months)

$12000

Step 2:  Determine the total amount

$50000 + $12000

$62000

Step 3:  Determine the difference

$72000 - $62000

$10000

Answer:  She will need $10000 in financial aid

Answer 2

Answer:

She will need $10000 in financial aid

Step-by-step explanation:

Step 1:  Determine the money in 4 yeras

$250 a month * (4 years * 12 months per year)

$250 a month * (48 months)

$12000

Step 2:  Determine the total amount

$50000 + $12000

$62000

Step 3:  Determine the difference

$72000 - $62000

$10000

Answer:  She will need $10000 in financial aid