DommYoung
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David estimates that he will have expenses totaling $24,870 for one year of college, He will receive$7,560 in grants. Howmuch will David have to contribute each semester during this year?$4,875$8,655$9,750$17,310

David estimates that he will have expenses totaling 24,870 for one year of college, He will receive 7,560 in grants. Howmuch will David have to contribute each class=

Verified Answer :

JohnLayton

Since there are 2 semesters per year we have:

(1/2)(24,870 - 7,560) = $8,655

David would have to contribute $8,655 per semester.

The correct answer is $8655

How to find how much will David have to contribute each semester during this year?

  • Total expenses = $24,870
  • Total grants he receives = $7560

∴ His net expenses = $(24,870 - 7560) = $ 17,310

  • We know that there are two semester in a year
  • Total contribution per semester = $ ( 17,310 / 2) = $ 8655

∴ Total amount that David have to contribute each semester during this year = $ 8655

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