Complete question :
Suppose the average yearly salary of an individual whose final degree is a master's is $41 thousand less than twice that of an individual whose final degree is a bachelor's. Combined, two people with each of these educational attainments earn $118 thousand. Find the average yearly salary of an individual with each of these final degrees.
Answer:
Bachelors = $53000
Masters = $65000
Step-by-step explanation:
Given that :
Let Salary of bachelor's degree holder = b
Salary of Master's degree holder = 2b - 41000
Master's + bachelor's salary = $118,000
Hence,
2b - 41000 + b = 118,000
3b = 118000 + 41000
3b = 159000
b = 159000 / 3
b = $53,000
Bachelor's degree salary = $53,000
Master's degree salary ; 2b - 41000
2(53000) - 41000 = 65000
