Question

If you study an extra 10 hours a week for a year (52 weeks) and you earn a four-year scholarship valued at $50,000, what is your hourly return on your investment in study time? (Round to two decimal places)

Answer 1

Answer: $96.15

Step-by-step explanation:

If you study an extra 10 hours per week, for 52 weeks, in total you studied 52 times 10 hours, this is:

52*10 h = 520h hours.

Now, for these 520 hours of hard work, you earn a scholarship valued (in total) at $50,000.

Then how much is worth each one of these 520 hours?

Let's take divide the value of the scholarship evenly into the 520 hours:

$50,000/520h = $96.15.

This means that the hourly return is $96.15