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27 May, 05:01

David estimates that he will have expenses totaling $24,870 for one year of college. He will receive $7,560 in grants. How much will David have to contribute each semester during this year?

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  1. 27 May, 06:10
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    The answer is $8,655.

    We will deduct the grant of $7,560 from his total expenses of $24,870 so we will get $17,310 which is the amount he has to contribute per year. Since there are two semesters in a year, we will divide this amount by 2 and we will get $8,655 which is the amount he has to contribute for one semester.

    Expenses : $24,870

    Grant : $ (7,560)

    $ 17,310

    # of sem : 2

    $ 8,655
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