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18 July, 12:20

Felipe plans to attend college and he starts saving $300 per month to pay for it. He will need $24,600 to pay the first year cost. His aunt gave him a special gift of $3000 to use towards the cost. How many years will it take for Felipe to save enough money for the first year cost?

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  1. 18 July, 12:46
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    Subtract 3000 from 24600. That gives you 21600.

    Divide this number by 300

    21600 / 300 = 72 payments.

    Each year has 12 months

    72/12 = 6

    It will take him 6 years to save up enough to go to college.
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