Ask Question
17 May, 14:16

Marcel is nearing graduation. He just met with his counselor and she showed him this information.

Marcel's College Costs & Payment Options per Year

Costs

Methods of Payment

Tuition & Fees

Grants & Scholarships

$12,500

$6,500

Room & Board

Work-Study

$8,200

$9,800

If he pays the balance with a student loan, how much will he need to borrow for his first year?

$4,400

$6,000

$10,900

$14,200

+4
Answers (2)
  1. 17 May, 14:50
    0
    The correct answer option is A. $4,400.

    Step-by-step explanation:

    Cost of the tuition and fees for 1 year = $12,500

    Grants and scholarships for 1 year = $6500

    Cost of room and board for 1 year = $8200

    Cost for work study for 1 year = $9800

    So basically, Marcel pays = (tuition and fees + cost of room and board)

    = $12,500 + $8,200 = $20,700

    He can pay through the (grants and scholarships + cost for work-study) = $6,500 + $9,800 = $16,300

    Therefore, Marcel needs to borrow = $20,700 - $16,300 = $4,400
  2. 17 May, 17:18
    0
    The answer is A
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Marcel is nearing graduation. He just met with his counselor and she showed him this information. Marcel's College Costs & Payment Options ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers