for the 2017 - 2018 school year, at a 7% inflation rate, the average costs for one year of education at a…

for the 2017 - 2018 school year, at a 7% inflation rate, the average costs for one year of education at a two - year college are projected to be: tuition/fees: $4,301; living costs: $10,400; books/supplies: $1,724; transportation: $2,313; other expenses: $3,096. what are the projected total expenses for the 2017 - 2018 school year for a two - year college?
Answer
Explanation:
Step1: List the cost - items
Tuition/fees: $4,301, Living costs: $10,400, Books/supplies: $1,724, Transportation: $2,313, Other expenses: $3,096
Step2: Sum up all costs
$4301 + 10400+1724 + 2313+3096$ $=(4301+10400)+1724 + 2313+3096$ $=14701+1724 + 2313+3096$ $=(14701 + 1724)+2313+3096$ $=16425+2313+3096$ $=(16425+2313)+3096$ $=18738+3096$ $=21834$
Answer:
$21834$