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Scrat [10]
3 years ago
13

james has a job with a current salary of $42,000. he wants to earn a collage degree that will take him 2 years to complete and i

t will cost $28,000 per year. he will go to school full time and will not work. upon graduation, james’ new salary will be $56,000 per year. how many years will it take james to recover his investment
Mathematics
2 answers:
Ierofanga [76]3 years ago
8 0

Answer: 10.6 years

Step-by-step explanation:

The current salary is $42k per year

the college degree cost  $28k per year, and with the degree he can win $56k per year, and here we also can consider that he "loses" the $42k tat he would have earned if he keeped working.

Then, the amount of money per year is:

m1(y) = $42k*y

m2(y) = -2*$42k - 2*$28k + $56k*y

where y is the number of years after he gets his degree,

Now, we must find the value of y where those equations are equal:

$42k*y = -2*$42k - 2*$28k + $56k*y = -2*($28k + $42k) + $56k*y

($42k - $56k)*y = -2*$60k = -$120k

y = 120k/14k = 8.6 years

but remember that we coun y after he gets his degree, which takes 2 years, so the actual number of years that he needs to recover his inversion is (8.6 +2) years = 10.6 years

Alex777 [14]3 years ago
6 0
It will take him ten years.
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3 years ago
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Answer:

One cup of coffee is $3.25

Step-by-step explanation:

Create a system of equations where c is the cost of a cup of coffee and d is the cost of a donut

2c + 4d = 10.5

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Solve by elimination by multiplying the top equation by -5 and the bottom equation by 4

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8 0
3 years ago
Daniel has a beginning balance of $675 in his checking account. He writes two checks for $530 and $200. He has a deposit of $340
GenaCL600 [577]
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$145.00 - $200.00 = $55.00 negative balance, amount short.
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Daniel has a new balance of $256.00
7 0
3 years ago
How to answer the question
tatyana61 [14]
5/60 = 12
12 x 3 =36
J
4 0
3 years ago
Read 2 more answers
25 is what percent less than 35
mars1129 [50]
Difference between 25 and 35 = 35 -25
                                                 = 10
Then
percentage by which 25 is less than 35 =(10/35) * 100
                                                                 = (2/7) * 100
                                                                 = 200/7
                                                                 = 28.57 percent
So 25 is 28.57% less than 35.This is the only clear way of solving these kind of problems. I hope you have understood the method used to solve this problem. Hopefully you can do such type of problems without needing any help.
8 0
3 years ago
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