question 3 of 10\nassume that by continuing your education, you increased your yearly earning potential from…

question 3 of 10\nassume that by continuing your education, you increased your yearly earning potential from $21,484 to $39,746. if the additional education costs $54,000, in about how many years will it pay for itself?\n\na. 2 years\nb. 3 years\nc. 1 year\nd. 4 years

question 3 of 10\nassume that by continuing your education, you increased your yearly earning potential from $21,484 to $39,746. if the additional education costs $54,000, in about how many years will it pay for itself?\n\na. 2 years\nb. 3 years\nc. 1 year\nd. 4 years

Answer

Answer:

B. 3 years

Explanation:

Step1: Calculate annual income increase

$39746 - 21484=18262$

Step2: Determine pay - back years

$\text{Number of years}=\frac{54000}{18262}\approx 2.96\approx 3$ years