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3 years ago

Jace's average gross pay is $1,630.00 bi-weekly. Determine how many years it will take Jace to earn his first million dollars.

Mathematics

1 answer:

vesna_86 [32]3 years ago

6 0

The number of years it will take to earn his first million is 24 years

Average bi-weekly gross pay = $1,630

Bi-weekly = 2 weeks

Number of 2 weeks(bi-weeks) in a year = 26 bi-weeks

The least million he can earn is $1,000,000

Let the number of years = n

We could use the equation :

Least million = gross pay × (Number of bi-weeks × number of years)

1000000 = 1630 × (26n)

1000000 = 42380

Divide both sides by 34230

1000000 / 42380 = n

n = 23.59

The least number of years is 24.

Learn more : brainly.com/question/18796573

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