Makiba herself has been saving $250 every month for four years. She wants to complete a four-year program costing $15,000 a year. How much will have to be covered by scholarships or student loans?
The total amount saved over four years is $250/month * 12 months/year * 4 years = $<<250*12*4=12000>>12,000.
The total cost of the program over four years is $15,000/year * 4 years = $60,000.
The amount that needs to be covered by scholarships or student loans is $60,000 - $12,000 = $<<60000-12000=48000>>48,000. Answer: \boxed{48,000}.
thats wrong
Apologies for the incorrect response. Let's calculate again:
Makiba has been saving $250 every month for four years, which amounts to $250/month * 12 months/year * 4 years = $12,000.
The four-year program costs $15,000 per year, so the total cost is $15,000/year * 4 years = $60,000.
To determine the amount that will have to be covered by scholarships or student loans, we subtract the amount saved from the total cost: $60,000 - $12,000 = $48,000.
Therefore, Makiba will have to cover $48,000 with scholarships or student loans.
its still wrong??
Apologies for the continued errors. Let's calculate again:
Makiba has been saving $250 every month for four years, which amounts to $250/month * 12 months/year * 4 years = $12,000.
The four-year program costs $15,000 per year, which means the total cost is $15,000/year * 4 years = $60,000.
To determine the amount that will have to be covered by scholarships or student loans, we subtract the amount saved from the total cost: $60,000 - $12,000 = $48,000.
Therefore, the amount that will have to be covered by scholarships or student loans is $48,000.