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

$10.82
$10.82

$5.63
$5.63

$10.50
$10.50

$11.25
$11.25

Answer 1

To find the minimum hourly rate, we need to calculate the total amount Eben needs to earn over four years.

First, calculate the total expenses for four years: $22,500 * 2 years = $<<22500*2=45000>>45,000
Next, calculate the total number of hours Eben will work: 20 hours/week * 50 weeks/year * 4 years = 4,000 hours
Finally, divide the total expenses by the total number of hours: $45,000 / 4,000 hours = $<<45000/4000=11.25>>11.25

Therefore, the minimum hourly rate Eben must make is $11.25 per hour.