It costs $23,000 to attend 1 year at Texas State University, and I already saved up $4,000. How much money would I have to save each month for the next year to have the full $23,000?



Round to the nearest hundredth.

Respuesta :

Answer:

[tex]\$1583.33[/tex]

Step-by-step explanation:

Let [tex]d[/tex] be the amount of money you need to save each month to have the full $23,000.

We can write the following inequality:

[tex]4,000+12d\geq 23,000[/tex]

Solving for [tex]d[/tex]:

[tex]4,000+12d\geq 23,000,\\12d\geq 19,000\\d\geq \approx \boxed{\$1583.33}[/tex]