Question
upstudy study bank question image url

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, Yvonine will have recovered her college costs after 4.5 years. How much did it cost Yoonne to go to college? a. \( \$ 36,000 \) b. \( \$ 45,000 \) c. \( \$ 40,000 \) d. \( \$ 32,000 \)

Ask by Medina Frazier. in the United States
Feb 22,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

Yvonne's college cost was \$36,000.

Solution

Sign in to Unlock Answers for Free!

A Learning Platform Trusted by Millions of Real Students and Teachers.

star-icon Unlock

Answered by UpStudy AI and reviewed by a Professional Tutor

Extra Insights

To figure out how much it cost Yvonne to go to college, we first calculate her annual salary increase after graduating. Yvonne's salary before college is \( \$ 37,000 \) and after graduating, it's \( \$ 45,000 \). Thus, the annual salary increase is: \( \$ 45,000 - \$ 37,000 = \$ 8,000 \). Since she recoups her college costs in 4.5 years, we multiply this annual increase by 4.5: \( \$ 8,000 \times 4.5 = \$ 36,000 \). So, the cost of Yvonne's college is \( \$ 36,000 \), which corresponds to option a. Answer: a. \( \$ 36,000 \) --- Speaking of college costs, did you know that the average student debt in the U.S. is over \( \$ 30,000 \)? This makes Yvonne's cost seem quite manageable! Many people opt for scholarships, grants, or even online courses to save money. With college expenses rising, it’s always smart to budget! One common mistake is underestimating the total costs of attending college, including books, supplies, and living expenses. Always account for these when planning your education funding!

Related Questions

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy