Mark currently works part-time with a salary of $8,000 per year. Mark plans to quit working and attend college for 4 years. If h

Question

3 years ago

9

Mark currently works part-time with a salary of $8,000 per year. Mark plans to quit working and attend college for 4 years. If h

is college costs will total $64,000, how long will it take Mark to recover his investment assuming he has a salary of $32,000 upon graduating?
a.
2 years
b.
3 years
c.
4 years
d.
5 years

The answer is C. 4 years

Mathematics

2 answers:

Travka [436] · Answer 1 · 2022-04-22T16:36:48+03:00

Travka [436]3 years ago

5 0

The answer would be C. 4 years

boyakko [2] · Answer 2 · 2022-04-22T17:54:57+03:00

Answer: Option 'a' is correct.

Step-by-step explanation:

Since we have given that

Mark currently works part time with a salary of $8000.

And he planned to quit working and attend college for 4 years.

Total cost of college = $64000

Salary of his after graduating = $32000

so, Number of years he will take to recover his investment is given by

$\dfrac{64000}{32000}\\\\=2\ years$

Hence, Option 'a' is correct.