Brinkley decided that she was going to go to a culinary school, which was going to cost a total of $23,250 for 4 years. She earned a scholarship that was going to pay for $6,000 total. How much would she need to save each month to pay for the rest of the cost, if she was going to save for 3-years?
$5,750
$718.50
$479.17
Brinkley would need to pay $17,250 (total cost - scholarship) over the course of 3 years.
To calculate how much she needs to save each month, divide the total amount needed to save by the number of months (3 years = 36 months):
$17,250 / 36 = $479.17
Therefore, Brinkley would need to save $479.17 each month for 3 years to pay for the rest of the cost of culinary school.