Math Problem Statement
A university student is trying to estimate the amount of study funds he needs to fund by loan. From his friend's experience, the amount he needs to fund by other means than part-time work is about 5/9 of the amount of the part time work. If the student estimates that he will need about 16 400 euros for a year for his living expenses and tuition, what is the amount he could make monthly by working based on this estimation?
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Ratio and Proportion
Basic Arithmetic
Percentage Calculation
Formulas
Portion covered by part-time work = (4/9) * Total amount
Monthly earnings from part-time work = Annual amount from part-time work / 12
Theorems
-
Suitable Grade Level
Grades 10-12
Related Recommendation
Proportional Distribution and Percentage Calculations
Calculate Monthly Salary Based on Annual Savings and Expense Distribution
Monthly Expense Calculation for Part-Time Worker at Walmart
Calculate Required Party Trays to Cover Labor and Production Costs
Compound Interest with Regular Deposits: Jan's Savings Calculation