Questions: Suppose your school costs for this term were 8040 and financial aid covered 3/4 of that amount. How much did financial aid cover? How much do you still have to pay?

Solution Steps

To determine how much financial aid covered, we need to calculate \(\frac{3}{4}\) of the total school costs. To find out how much is still to be paid, we subtract the amount covered by financial aid from the total school costs.

The financial aid covered \(\frac{3}{4}\) of the total school costs. Therefore, we calculate the amount covered by financial aid as follows:

\[ \text{Aid Covered} = \frac{3}{4} \times 8040 = 6030 \]

To find out how much is still to be paid, we subtract the amount covered by financial aid from the total school costs:

\[ \text{Remaining Amount} = 8040 - 6030 = 2010 \]

Final Answer