Question 1 Getting a Bachelors degree is very important for

Question 1
Getting a Bachelor’s degree is very important for Luke. He would be the first one in his family to achieve this goal, and he would be able to benefit from a potentially better paying career. That’s why over the past 4 years Luke worked very hard to get to his final session of his business administration program and be on his way to graduating over the summer. Each session he enrolled in at least 12 credit hours so he could stay on track to his intended graduation time frame. By continuing to enroll full-time, he is able to benefit from the discounted tuition rate of $365(b) per credit hour instead of the regular tuition rate of $609 per credit hour. However, like we all often do, Luke experienced some unexpected challenges in his third year of enrollment that caused him to enroll in less than 10 credit hours (full-time) for one session.

In that session, he could only enroll in one 5 credit hour course. How much would he have saved per credit hour if he would have enrolled full-time?
1.)$150
2.)$244
3.)$344
4.)$500
5.)$95

Solution

for 5 credit hour course fees would be = 5* 609 = $3045

if he would have enrolled full time rate would have = 5* 365 = $ 1825

difference = 3045 - 1825 = $ 1220

he would have saved 1220 / 5 = $ 244 per credit hour