alana is starting classes at hempstead university this fall. tuition at hempstead is $16,000 this year…

alana is starting classes at hempstead university this fall. tuition at hempstead is $16,000 this year. alana has a grant that will pay $3,000. she has saved $2,500 and plans to earn 20% of her remaining tuition at her work - study job. she will need student loans for the rest. how much money will alana take out in student loans this year?

alana is starting classes at hempstead university this fall. tuition at hempstead is $16,000 this year. alana has a grant that will pay $3,000. she has saved $2,500 and plans to earn 20% of her remaining tuition at her work - study job. she will need student loans for the rest. how much money will alana take out in student loans this year?

Answer

Explanation:

Step1: Calculate remaining tuition after grant and savings

First, find the amount paid by grant and savings. The total of grant and savings is $3000 + 2500=$5500$. The remaining tuition is $16000 - 5500=$10500$.

Step2: Calculate amount paid by work - study

She will earn 20% of the remaining tuition at her work - study job. So the amount paid by work - study is $0.2\times10500 = $2100$.

Step3: Calculate amount for student loans

The amount for student loans is the remaining amount after work - study payment. So it is $10500-2100=$8400$.

Answer:

$8400$