You are told that having a college education increases a person’s earnings by 30% over their lifetime.

You are told that having a college education increases a person's earnings by 30% over their lifetime. a non-college graduate earns about $30,000 per year. how much more will you earn with a college education over a 40 year career?
a) $30,000
b) $120,000
c) $240,000
d) $360,000

Related Posts

This Post Has 4 Comments

  1. To start, determine how much a non-college graduate would earn over a 40 year period by multiplying their yearly salary by 40, 30,000*40=120,000. Next, increase it by 30%. Do this by taking 30% of 120k to find out how much more money you would make in comparison to a non-college grad, 120,000*.3=36,000. This means a college grad would make $36,000 more than a non-college grad.

  2. 30,000 per year annual income by a non-college educated man or woman
    30% of 30,000. is 9,000. more every year for the college educated man or woman. 
    If a person works 30 years at his or her career making 9,000. more annually then they will have earned 30 times 9,000. or 270,000. more than the non-educated individual.   

  3. Earnings for 40 years without college are $30,000*40=$1,200,000
    With college education you will earn $1,200,000*0.3=$360,000 more.
    d)

Leave a Reply

Your email address will not be published. Required fields are marked *