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 $10.82 $10.82 $11.25 $11.25 $5.63 $5.63 $10.50

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 $10.82 $10.82 $11.25 $11.25 $5.63 $5.63 $10.50

Answer 1

To calculate the minimum hourly wage Eben must make, we need to determine the total amount he needs to earn for the next four years.

Eben wants to work 20 hours a week for 50 weeks a year, which equals 20 * 50 = <<20*50=1000>>1000 hours per year.
Therefore, the total hours he will work over four years would be 1000 * 4 = <<1000*4=4000>>4000 hours.

Now, we need to calculate the total amount he needs to earn over four years.
Since he needs $22,500 each year, the total amount over four years is 22,500 * 4 = <<22500*4=90000>>90,000 dollars.

Finally, we can calculate the minimum hourly wage by dividing the total amount he needs to earn by the total number of hours he will work: 90,000 / 4000 = <<90000/4000=22.5>>22.5 dollars per hour.

Therefore, the minimum hourly wage Eben must make is $22.50.