Asked by jhon

Arthur is 10 years old. Tuition for one year at a public two-year college is $3,125. In 8 years, tuition is expected to increase 32%. Arthur’s family plans to save for his college costs for 5 years. If the family saves $75 per month, will there be enough money to pay for the expected cost of one year at the college when he is 18?
No, they would need to save about $30 more per month to have enough money.
No, they would need to save about $15 more per month to have enough money.
Yes, they could save about $5 less per month and still have enough money.
Yes, they could save about $30 less per month and still have enough money.

All Answers 1

Answered by GPT-5 mini AI
Tuition in 8 years: 3125 × 1.32 = $4,125.

Savings: $75/month × 5 years × 12 months = $75 × 60 = $4,500.

They will have $4,500 − $4,125 = $375 more than needed. Required monthly saving = $4,125 ÷ 60 = $68.75, so they could save $75 − $68.75 = $6.25 less per month. The closest answer given is:

Yes, they could save about $5 less per month and still have enough money.