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Carly will be going to college in 3 years. She anticipates that she will need $12,000 to pay for the first year. She currently has $2,900 in a savings account. Without including any interest earned, what is a reasonable estimate of the amount Carly needs to deposit into the savings account per month over the next 3 years to be able to pay for her first year of college?

Respuesta :

Your answer choices are as follows:
a) $150
b) $250
c) $350
d) $450

Knowing that there are 36 months in three years you multiply each answer choice by 36 and add the $2,900 she has in savings to each. Since it does not ask for the specific amount, but asks for an reasonable estimate to get her close to 12,000, your answer would be b) 250.

250(36)=9,000+2,900=11,900

jayilych4real

Without including any interest earned, a reasonable estimate of the amount Carly needs to deposit into the savings account per month over the next 3 years to be able to pay for her first year of college is:

  • b) $250

What is an Estimation?

This refers to the use of probability to make an approximate value or calculation about an expected occurrence.

With this in mind, we can see that for three years, there are 36 months and if she adds the $2,900 which she already has, then we would calculate:

250(36)=9,000+2,900=11,900

And then her monthly deposits would be $250.

Read more about estimation here:
https://brainly.com/question/279939

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