Maria estimates college tuition and fees, room and board, books, and other charges total $10,100. she will receive a scholarship for $1100. if she has 4 years to save, how much should she save per month to cover the costs of college (minus the scholarship)? a. $2525.00 b. $2250.00 c. $210.42 d. $187.50

Maria needs to save $187.50 per month in order to attend college. 

First, subtract the $1,100 scholarship from the cost of college, or $10,100, to get $9,000. This is the amount that she needs to save after 4 years. Next, since she is saving monthly, we need to know how many monthly periods are in 4 years, so multiply 12 months/year by 4 years to get 48 monthly periods. Finally, divide the total amount needed ($9,000) by the monthly periods (48) to get $187.50. This answer would change if she earned any interest on her savings, and depending on the compounding period, if any, for such interest. 

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