yasmine plans to attend a four - year public university. she expects she will need to contribute $9,000…

yasmine plans to attend a four - year public university. she expects she will need to contribute $9,000 annually to her education. which savings plan will help yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings?\n$600 per month for 1 year\n$350 per month for 2 years\n$225 per month for 3 years\n$200 per month for 4 years

yasmine plans to attend a four - year public university. she expects she will need to contribute $9,000 annually to her education. which savings plan will help yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings?\n$600 per month for 1 year\n$350 per month for 2 years\n$225 per month for 3 years\n$200 per month for 4 years

Answer

Explanation:

Step1: Calculate savings for each option

  • For the first option: $600$ per month for $1$ year. There are $12$ months in a year. The total savings is $600\times12 = 7200$.
  • For the second option: $350$ per month for $2$ years. There are $12\times2 = 24$ months. The total savings is $350\times24=8400$.
  • For the third option: $225$ per month for $3$ years. There are $12\times 3=36$ months. The total savings is $225\times36 = 8100$.
  • For the fourth option: $200$ per month for $4$ years. There are $12\times4 = 48$ months. The total savings is $200\times48=9600$.

Answer:

The first option gives $7200$, the second gives $8400$, the third gives $8100$, and the fourth gives $9600$. Since Yasmine needs $9000$ for one - year of school, the savings plan of $$200$ per month for $4$ years (the fourth option) will help her save enough money.