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babymother [125]
3 years ago
10

Aaron is a high school graduate working as a retail clerk. He earns a median salary for a high school graduate. Aaron is thinkin

g about going to college to get an associate's degree. If he completes his degree in 2 years and college costs total $30,000, how long will it take Aaron to recover his investment, assuming that he earns the median salary and continues to work full time while he is attending school?
a.

about 2.5 years
b.

about 5.5 years
c.

about 8.5 years
d.

about 11.5 year
Mathematics
1 answer:
Leokris [45]3 years ago
6 0
Since you provide no information about the median salary, i'm gonna use the national data, whcih is around $ 13,000 per year

Cost of education for 2 year =  $30,000
Since he's still working in those 2 years, he'll earn = $ 26,000

Which means he just need to work for around half a year to cover the remaining $4,000 , so i think the answer is 2.5 years

hope this helps
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