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 if he chooses to live at home?
A. $13,035
B. $14,935
C. $20,955
D. $22,855
Answer (2)
Joaquin needs to calculate his total education costs excluding room and board, which sums to $14,935. After subtracting his grant of $1,900, he will need to contribute $13,035. The correct answer is option A: $13,035.
;
13035
Explanation
Calculate Total Costs First, we need to determine the total cost of Joaquin's education, excluding room and board since he will be living at home. We will add the costs for tuition, transportation, books and fees, and other expenses.
Determine Total Cost The total cost is calculated as follows: 9450 + 2680 + 1875 + 930 = 14935 So, the total cost of education before the grant is $14 , 935 .
Subtract Grant Amount Next, we subtract the grant amount from the total cost to find the minimum amount Joaquin needs to contribute: 14935 − 1900 = 13035 Therefore, Joaquin needs to contribute $13 , 035 .
Final Answer The minimum amount Joaquin will need to contribute to his education is $13 , 035 .
Examples
Understanding the costs associated with education and managing finances is crucial for students. This problem illustrates how to calculate the total expenses for a year of college, taking into account various categories such as tuition, transportation, books, and other fees. By subtracting any grants or financial aid received, students can determine the minimum amount they need to contribute. This skill is applicable in real-life scenarios such as budgeting for college, managing personal finances, and making informed decisions about educational investments. For example, if a student knows the total cost of their education and the amount of financial aid they will receive, they can plan how to save or earn the remaining funds needed.
