Brenda has an associate’s degree earning the median salary. She wants to quit working and go to college to get just a basic bachelor’s degree. If she completes her degree in 2 years and it costs $15,000, how long will it take her to recover her investment assuming that she earns the median salary?

a. almost 6 years
b. almost 7 years
c. almost 8 years
d. almost 9 years
can you show the math i got seven but it said it was wrong

if you divide 15000 and 2 you get 7500.and if you get 7500 you have to multiply to check if its correct so 7500 times 2 equals 15000. So the answer is 7500.

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davidlcastiblanco davidlcastiblanco · Answer 2 · 2019-10-23T18:06:15+02:00

Answer:

a). 6 Years

Step-by-step explanation:

Well here I have to make a timeline details, in fact, today the average hourly hour of work is $ 10 depending on the state the average oscillates in this value

So:

[tex]8 * 4 hours= 32[/tex] $ per day

[tex]40*22 = 704 [/tex] $ per month

[tex]880* 12 = 8448[/tex] $ per year

However the half is about bills, food, transporter and fixed costs, so, annually she can spend about the 30% of his salary to paid.

[tex]\frac{8448*30}{100} = 2534.4 [/tex] $ to pay 15000 each year

[tex]2534.4*6= 15206.4 [/tex]

So take about 6 years recover her investment and earning money