a student has to pay $20750 in the first year of their college. if their parents give $8000 and they get a…

a student has to pay $20750 in the first year of their college. if their parents give $8000 and they get a scholarship of $9000, then what amount will they have to save every month to pay off the fees after 12 months? choose the correct option. a $285.5 b $312.5 c $385.5 d $412.5

a student has to pay $20750 in the first year of their college. if their parents give $8000 and they get a scholarship of $9000, then what amount will they have to save every month to pay off the fees after 12 months? choose the correct option. a $285.5 b $312.5 c $385.5 d $412.5

Answer

Explanation:

Step1: Calculate remaining fees

$20750-(8000 + 9000)=20750 - 17000=3750$

Step2: Calculate monthly savings

$\frac{3750}{12}=312.5$

Answer:

B. $312.5$