The total cost to attend the university Daniel wants to attend is going to be $12,000 for the first year. A scholarship will pay $2,500.
His parents agreed to pay half of what remains after the scholarship is applied to the tuition.
Which amount is closest to the minimum that Daniel will need to save every month in order to pay off the remaining cost at the end of 12 months?

$395.83

Step-by-step explanation:

to solve, we first need to subtract what we already have, first the scholarship, wich is a set amount being taken from the original amount

12'000 - 2'500 = 9'500

now we have the second subtracting factor, but this one isn't set in stone and defined, it is half of the amount his parents will pay, so what we can do is divide what we have by two, wich will give us 2 halves

9'500 / 2 = 4'750

now all we have to do is divide again but this time for each month that Daniel needs to save up in, in this case 12

4'750 / 12 = 395.83 (note1)

and there we have it, that is the minimum amount Daniel would save each month

note1: (3 goes on for infinity, usualy this is represented by a line above the repeating number, this is the case of a repeating decimal)

step-by-step explanation:

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