Tuition for one year at the community college Sean would like to attend is about $8,880. Sean plans to save money each month for the next 2 years to help pay for his first year. If his parents plan to contribute $6,000 toward his first year, what is the minimum about Sean must save each month to have enough money to pay for his first year of tuition?
Responses
A $60
B $80
C $120
D $240
To find the minimum amount Sean must save each month, we need to subtract his parents' contribution from the total cost of tuition:
$8,880 - $6,000 = $2,880.
Since Sean plans to save money for the next 2 years, we need to divide the total amount he needs to save by the number of months in 2 years (24 months):
$2,880 / 24 = $120.
Therefore, the minimum amount Sean must save each month is $120.
The correct answer is C) $120.