jamal works part - time earning $8,000 per year. he reduces his work hours by half so that he can go to…

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 jamals investment in getting his degree?\na. $4,700\nb. $5,700\nc. $11,700\nd. $17,700

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 jamals investment in getting his degree?\na. $4,700\nb. $5,700\nc. $11,700\nd. $17,700

Answer

Answer:

C. $11,700

Explanation:

Step1: Calculate lost - income

Since he reduces work - hours by half, his lost annual income is $\frac{8000}{2}=4000$ dollars. In 1.5 years, the lost income is $4000\times1.5 = 6000$ dollars.

Step2: Calculate tuition cost

The tuition cost per semester is $1400$, and for 3 semesters, it is $1400\times3=4200$ dollars.

Step3: Calculate book cost

The book cost per semester is $500$, and for 3 semesters, it is $500\times3 = 1500$ dollars.

Step4: Calculate total investment

The total investment is the sum of lost income, tuition cost, and book cost. So, $6000 + 4200+1500=11700$ dollars.