Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table. Category Annual Expected Expense ($) tuition $18,900 room/board $7,650 books/fees $1,475 other expenses $2,350 Darian expects to get $7,500 in grants each year. What is the minimum amount he should expect to contribute for four years at the university? $22,875 $91,500 $114,000 $151,500

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Julian Spears

Business

4 September, 15:16

Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table. Category Annual Expected Expense ($) tuition $18,900 room/board $7,650 books/fees $1,475 other expenses $2,350 Darian expects to get $7,500 in grants each year. What is the minimum amount he should expect to contribute for four years at the university? $22,875 $91,500 $114,000 $151,500

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Answers (1)

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Imani · Answer 1

The answer is $91,500.

Working:

Total expenses per year = 18900+7650+1475+2350 = $30,375

Expenses less of grant per year = $30,375 - 7500 = $22,875 (this represents his annual expenditure on college with the grant)

To find out his expenditure for all four years of college = $22,875 x 4 = $91,500.