In his first school year, Leo contributed $13,468 toward college expenses. In his second school year, the expenses are expected to increase by 4%. What is the approximate minimum amount Leo should expect to contribute in his second school year? $13,472 $13,868 $14,007 $18,855

Question

Tucker Snyder

Social Studies

8 October, 16:31

In his first school year, Leo contributed $13,468 toward college expenses. In his second school year, the expenses are expected to increase by 4%. What is the approximate minimum amount Leo should expect to contribute in his second school year? $13,472 $13,868 $14,007 $18,855

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Answers (1)

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Ricardo Flynn · Answer 1

The third option, $14,007

Explanation:

You have to find 4% of 13,468

13,468 * 0.04 = 538.72

Add them together

13,468 + 538.72 = 14,006.72

14,006.72 can be rounded to 14,007.

Therefore, the answer is $14,007.