College tuition and fees cost $12,000. Room and board cost $7500, books cost $500, and other charges are $250. If Lonnie’s parents contribute $15,000, how much more will Lonnie need to earn or borrow to pay the balance for 1 year of college?

Respuesta :

Find all the amounts of the expending.

Tuition    $12,000

Board       $7,500

Book           $500

Other          $250

Total $20,250

Amount of parents contribute is $15,000

From 20250 subtract by 15000 is 5250. Lonnie need to borrow $5,250 to pay the balance for 1 year of college.