Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. What is the minimum Laura should expect to contribute to her college education for all four years?

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Deandre Mccoy

Business

14 December, 10:50

Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. What is the minimum Laura should expect to contribute to her college education for all four years?

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Yamilet Raymond · Answer 1

In order ot answer this question, we will assume that Laura will pay the same amount of tuition each year. If Laura receives a grant that pays the books and 30% of her annual tuition, then for four years, Laura pays 2.8 times the annual tuition only. Furthermore, she has to pay for her allowance as well.