giselle used the table to predict the cost of one year of college.\n\n| category | estimated cost 2017…

giselle used the table to predict the cost of one year of college.\n\n| category | estimated cost 2017 - 2018 |\n| ---- | ---- |\n| tuition | $12,450 |\n| room and board | $10,125 |\n| transportation | $2,600 |\n| books and fees | $2,250 |\n| other | $1,250 |\n\ngiselle predicts that she will receive a grant for $4,000. if she has 4 years in which to save, what is the minimum monthly amount she should deposit in an interest - bearing savings account to be able to pay her contribution for one year of college?\n\n$400\n$500\n$600\n$700

giselle used the table to predict the cost of one year of college.\n\n| category | estimated cost 2017 - 2018 |\n| ---- | ---- |\n| tuition | $12,450 |\n| room and board | $10,125 |\n| transportation | $2,600 |\n| books and fees | $2,250 |\n| other | $1,250 |\n\ngiselle predicts that she will receive a grant for $4,000. if she has 4 years in which to save, what is the minimum monthly amount she should deposit in an interest - bearing savings account to be able to pay her contribution for one year of college?\n\n$400\n$500\n$600\n$700

Answer

Explanation:

Step1: Calculate total cost

Add up all costs: $12450 + 10125+2600 + 2250+1250=$28675$.

Step2: Subtract grant amount

Subtract the grant: $28675 - 4000=$24675$.

Step3: Calculate number of months

There are $4\times12 = 48$ months in 4 years.

Step4: Calculate monthly deposit

Divide the remaining cost by number of months: $\frac{24675}{48}\approx$514.06$. The closest option greater than this value is $$600$.

Answer:

$600$