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

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.

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.

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)

30,000(40)= 1200000 1200000(.3)=360000 $360000 more