Jimmy is about to take out student loans for his first semester of college. His tuition is $2400, he already has 35% of that tuition paid for by scholarships. How much money will Jimmy need to be loaned in order to pay the rest of his tuition?$840$1550$1560$1650

Respuesta :

Given:

The total tuition amount is T = $2400.

The percentage of paid is r = 35%.

The objective is to find the money need to be loaned in order to pay the rest of his tuition.

Explanation:

Consider the required loan amount as x.

The value of x can be calculated by subtracting the percentage of paid amount from the total amount.

The expression can be written as,

[tex]x=T-rt\text{ . . . . .(1)}[/tex]

On plugging the given values in equation (1),

[tex]\begin{gathered} x=2400-\frac{35}{100}\times2400 \\ =2400-(35\times24) \\ =2400-840 \\ =1560 \end{gathered}[/tex]

Thus, the money need to be loaned in order to pay the rest of his tuition is $1560.

Hence, option (3) is the correct answer.

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