Eben figures he can work a part-time job for 20 hours a week, 50 weeks a year, for the next four years to earn money for his higher education. He wants to pursue a two-year program at a community college and figures he will need $22,500 each year for tuition, fees, and living expenses. What is the minimum he must make per hour?(1 point)

Question

Eben figures he can work a part-time job for 20 hours a week, 50 weeks a year, for the next four years to earn money for his higher education. He wants to pursue a two-year program at a community college and figures he will need $22,500 each year for tuition, fees, and living expenses. What is the minimum he must make per hour?(1 point)

Responses

$10.50
$10.50

$5.63
$5.63

$10.82
$10.82

$11.25

Answer 1

To find the minimum amount Eben must make per hour, we need to calculate how much money he will need in total for four years of education.

Eben needs $22,500 per year for tuition, fees, and living expenses. Since he plans to work for 20 hours a week, 50 weeks a year, he will work a total of 20 * 50 = 1000 hours per year.

To cover four years of education, Eben will need a total of 4 * $22,500 = $90,000.

Therefore, Eben must make a minimum of $90,000 / 1000 hours = $90 per hour.

None of the given options match the calculated minimum wage.