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In order to go to college, Hank goes from working full-time making $28,000 per year to working part-time at half the salary for two years. The cost of his education will be $5,000. If Hank makes $33,000 per year after getting his degree, approximately how many years will it take him to recover his investment? a. 1 b. 5. 6 c. 6. 6 d. 12. 2 Please select the best answer from the choices provided A B C D.

Answer :

marvineetesh3

Hunk will recover his investment in 6.6 years in order to go to college.

What is the investment?

Investment is the faithfulness of an asset to achieve an increase in value over a period of time. Investment involves a sacrifice of some present asset, such as time, money, or effort.

Computation of a number of years:

Given,

Earning Per year = $28,000 (Full Time),

Earning Per year = $14,000 (Part Time),

He works part-time by losing $28,000 in two years, which means $14,000 a year, and $5,000 as a cost of his degree. Then he loses the total amount of $33,000.

Earning After Graduation = $33,000/- year.

Means, extra earning of $5000 per year, as compared to past earnings.

Then no. of years to recover the investments:

[tex]\text{Number of Years to Recover Investments}=\dfrac{\text{Earning After Graduation}}{\text{Extra Earning}}\\\\\\\text{Number of Years to Recover Investments}=\dfrac{\$33,000}{\$5,000} = 6.6\text {Years}[/tex]

However, option C is correct.

Learn more about investments, refer:

https://brainly.com/question/16822436

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