Esther estimates that she will need about $8,600 for the first year of tuition at college. Her grandparents contribution will cover 65% of the tuition expenses, and Esther will need to save to pay for the rest. If Esther has 2 years to save, what is the minimum amount that she should save each month?

Her grandparents will cover 65% of $8600, which is 8600 * 0.65 = $5590. Therefore, she needs to pay for the part they're not covering, which is $8600 - $5590 = $3010.

2 years = 24 months, so assuming she wants to save the same amount each month, we need to divide $3010 by 24 to get the amount per month. This gets us $125.42

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ewomazinoade ewomazinoade · Answer 2 · 2022-04-14T12:56:05+02:00

The minimum amount that she should save each month for two years is $125.42.

What is the minimum amount she would have to save each month?

Percentage can be described as a fraction out of an amount that is usually expressed as a number out of hundred.

Amount given by her grandparents = 65% x 8600= $5590

Amount she would have to save each month for two years = (8600 - $5590) / 24 = $125.42

To learn more about percentages, please check: https://brainly.com/question/25764815