Question

Jamal works part-time earning $8,000 per year. He reduces his work hours by half so that he can go to school. Jamal completes his degree after 3 semesters (1.5 years) at a cost of $1,400 per semester in tuition and $500 per semester in books. What was Jamal's investment in getting his degree?

Answer 1

Answer:

His investment would be $ 11,700

Step-by-step explanation:

Given,

His earning before course = $ 8000 per year,

According to the question,

During the course, his earning = $\frac{8000}{2}$ = $ 4000 per year,

So, the remaining earning that he lose during course = 8000 - 4000 = $ 4000,

Now, the fees of course = tuition fee of 1,400 per semester + semester fee of $ 500 per semester

If the course has 3 semester,

Then the total fees of the course = 3 × ( 1400 + 500 )

= 3 × 1900

= $ 5700,

Hence, his investment in getting the degree = 5700 + earning for 1.5 year

= 5700 + 1.5 × 4000

= 5700 + 6000

= $ 11,700