Answer to Question #132189 in Financial Math for Kayla

Question

jamal works part time earning 8000 per year. he reduces his hours by half so he can go to school. Jamal completes his degree after 3 semesters at the cost of $1400 per semester in tuition and $500 per semester in books. whats jamals investment in getting his degree?

Answer 1

Step-by-step explanation:

Given,

His earning before course = $ 8000 per year,

According to the question,

During the course, his earning =  = $ 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