laura estimated the total cost of attending a private four-year university using the information in the…

laura estimated the total cost of attending a private four-year university using the information in the table.\n\n| category | estimated cost – 1 year |\n| --- | --- |\n| tuition | $29,500 |\n| room and board | $9,600 |\n| books | $2,125 |\n| lab and facilities fees | $850 |\n\nlaura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. what is the minimum laura should expect to contribute to her college education for all four years?\n\n- $111,860\n- $117,810\n- $124,400\n- $132,900

laura estimated the total cost of attending a private four-year university using the information in the table.\n\n| category | estimated cost – 1 year |\n| --- | --- |\n| tuition | $29,500 |\n| room and board | $9,600 |\n| books | $2,125 |\n| lab and facilities fees | $850 |\n\nlaura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. what is the minimum laura should expect to contribute to her college education for all four years?\n\n- $111,860\n- $117,810\n- $124,400\n- $132,900

Answer

Explanation:

Step1: Calculate annual tuition contribution

First, find 70% of annual tuition (since grant covers 30%): $$29,500 \times (1 - 0.30) = $29,500 \times 0.70 = $20,650$

Step2: Sum annual out-of-pocket costs

Add tuition contribution, room/board, and lab fees (scholarship covers books): $$20,650 + $9,600 + $850 = $31,100$

Step3: Calculate 4-year total contribution

Multiply annual out-of-pocket cost by 4: $$31,100 \times 4 = $124,400$

Answer:

$$124,400$ (Option C)