Tuition for one year at the University of Houston is about $12,300. Azul plans to attend this university and will save money each month for the next 4 years. His parents have saved $4,860 for his first year of tuition. Which plan shows the amount of money Azul will need to save in order to pay for his first year at the University of Houston?

The correct option is B. Azul will need to save $155 per month for the next 4 years.

Step-by-step explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Tuition for one year at the University of Houston is about $12,300. Azul plans to attend this university and will save money each month for the next 4 years. His parents have saved $4,860 for his first year of tuition. Which plan shows the amount of money Azul will need to save in order to pay for his first year at the University of Houston?

A. Azul will need to save $1,860 per month for the next 4 years.

B. Azul will need to save $155 per month for the next 4 years.

C. Azul will need to save $620 per month for the next 4 years.

D. Azul will need to save $256.25 per month for the next 4 years

The explanation to the answer is now given as follows:

Tuition for one year at the University of Houston = $12,300

Amount already saved by Azul's parents = $4,860

Remaining total amount needed = Tuition for one year at the University of Houston - Amount already saved by Azul's parents = $12,300 - $4,860 = $7,440

n = Number of months required to save the remaining amount = 4 years * 12 months = 48

Amount needed to save per month = Remaining total amount needed / n = $7,440 / 48 = $155

Therefore, the correct option is B. Azul will need to save $155 per month for the next 4 years.

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