MATHEMATICS HIGH SCHOOL

James has a job with a current salary of $42,000. He wants to earn a college degree that will take him 2 years to complete and it will cost $28,000 per year. He will go to school full time and will not be able to work. Upon graduation, James' new salary will be $56,000 per year. How many years will it take James to recover his investment?

Answers

Answer 1
Answer:

It will take 2.5 years for James to recover his investment.

Further explanation

Given:

From the above problem, we get these information

- James' current salary is $42000/year

- His college's tuition fee is $ 28000/year

- It takes 2 years to complete his degree

- Salary after finish degree is $ 56000

Question:

How many years will it take James to recover his investment?

James' investment would be his college's tuition fee for 2 years and the salary that he should get while away from work for 2 years.

Those statement can be write down:

investment = 2 years tuition + 2 years salary

\boxed {investment = (2 *42000)+ (2*28000) }\n\boxed {investment = 84000+56000=140000 }

so the total investment is $ 140000

After finished study, James salary would be $56000/year, so the investment will recover in

\boxed {(140000)/(56000) = 2.5 years }

hence, the investment will recover in 2.5 years.

Learn more

Investment for college brainly.com/question/937642

Comparing investment recover time brainly.com/question/2583931

Keywords: investment, college investment, recover investment, salary, tuition fee

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Answers

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Answers

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Step-by-step explanation:

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