Jason's current yearly income is $13,000 ... If Jason's training will allow him to get a job making $34,000 a year, how long will it take him to recover his initial investment of $35,200?

Question

Mathematics

Irwin

27 May, 02:56

Jason's current yearly income is $13,000 ... If Jason's training will allow him to get a job making $34,000 a year, how long will it take him to recover his initial investment of $35,200?

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Answers (1)

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Isabel Schneider · Answer 1

Answer: It will take him 1.68 years to recover his initial investment.

First, find the amount of extra money that he will make.

34,000 - 13,000 = 21,000

He will be making an extra 21,000 per year.

Now, divide the cost of his training by the amount of his increase.

35200 / 21000 = 1.68

That gives you the amount of years it will take him to pay off his investment.