22
QuizMultiple Choice

Career Planning

Question 22 • SHS Alt Personal Finance - 2021

Yvonne continues to work full-time at her job while she attends college part-time. It takes 5 years for Yvonne to complete the program, but when she does she is able to increase her salary from $37,000 per year to $45,000 per year. At this rate, Yvonne will have recovered her college costs after 4.5 years. How much did it cost Yvonne to go to college?

Answer
A
$36,000
B
$45,000
C
$40,000
D
$32,000

Explanation

Yvonne’s salary increases by $45,000 − $37,000 = $8,000 per year. Over 4.5 years, that extra income totals $8,000 × 4.5 = $36,000, so the college cost was $36,000.

AI-written and checked against the verified answer.

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