3. stanley is currently paying $3,411 in tuition per semester. stanley is receiving financial aid, and 7% of…

3. stanley is currently paying $3,411 in tuition per semester. stanley is receiving financial aid, and 7% of his tuition is being paid for by scholarships. how much of stanley’s tuition is being paid for through scholarships? a $238.77 b $700.00 c $3,172.23 d $23,877.00

3. stanley is currently paying $3,411 in tuition per semester. stanley is receiving financial aid, and 7% of his tuition is being paid for by scholarships. how much of stanley’s tuition is being paid for through scholarships? a $238.77 b $700.00 c $3,172.23 d $23,877.00

Answer

Explanation:

Step1: Identify the formula

To find the amount paid by scholarships, use the formula: Amount = Percentage × Total.

Step2: Convert percentage to decimal

7% as a decimal is 0.07. So we have 0.07×3411.

Step3: Calculate the amount

$0.07\times3411 = 238.77$

Answer:

A. $238.77$