The student's parents will pay half of the cost, which is $24000/2 = $<<24000/2=12000>>12000.
The academic scholarship will pay another $500, so the remaining cost is $24000 - $12000 - $500 = $<<24000-12000-500=11500>>11500.
The student will need to save $11500/12 = $<<11500/12=958.33>>958.33 every month. Answer: \boxed{958}.
The total cost of attending a 2-year college is $24,000 for the first year.
A student’s parents will pay half of this cost.
An academic scholarship will pay another $500.
Which amount is closest to the minimum that the student will need to save every month in order to pay off the remaining cost at the end of 12 months?
1 answer
1 answer