Joaquin used the table to predict the cost of one year of education at a four-year public university.
| Category | Predicted Cost |
| -------- | -------------- |
| tuition | $9,450 |
| room and board | $7,920 |
| transportation | $2,680 |
| books and fees | $1,875 |
| other | $930 |
He received a grant for $1,900. What is the minimum amount Joaquin will need to contribute to his education annually if he chooses to live at home?
A. $13,035
B. $14,935
C. $20,955
D. $22,855
Answer (2)
Joaquin's total cost of education while living at home is $14,935, excluding room and board. After receiving a grant of $1,900, he will need to contribute a minimum of $13,035 annually. Therefore, the answer is A. $13,035.
;
Calculate the total cost of education by summing tuition, transportation, books and fees, and other expenses: 9450 + 2680 + 1875 + 930 = 14935 .
Subtract the grant amount from the total cost: 14935 − 1900 = 13035 .
The minimum amount Joaquin needs to contribute is $13 , 035 .
Explanation
Calculate Total Expenses First, we need to determine the total cost of Joaquin's education, excluding room and board since he will be living at home. We sum the costs for tuition, transportation, books and fees, and other expenses.
Sum the Costs The costs are:
Tuition: $9,450 Transportation: $2,680 Books and Fees: $1,875 Other: $930
So, the total cost is: 9450 + 2680 + 1875 + 930 = 14935
Subtract the Grant Next, we subtract the grant amount from the total cost to find the minimum amount Joaquin needs to contribute.
Total cost: $14,935 Grant: $1,900
Minimum contribution: 14935 − 1900 = 13035
Final Answer Therefore, the minimum amount Joaquin will need to contribute to his education annually is $13,035.
Examples
Understanding the costs associated with education and managing finances is crucial for students. This problem demonstrates how to calculate the total expenses for a year of college and determine the minimum amount needed after receiving a grant. This type of calculation is useful for budgeting and financial planning, helping students make informed decisions about their education and finances. For example, students can use this approach to estimate their expenses, explore different funding options, and plan their savings accordingly to achieve their educational goals.
