Question

Rita Crudwell was the appointed comptroller and treasurer of the town of Dixon, Illinois (population 15,700 in 2010) for 29 years. Despite her busy, dual job, she was able to establish and run a world renowned quarter horse breeding operation, amassing 52 world championships. I do now know how she found the time and energy to do this but I do know where she got the money: over the course of her last 22 years in office, she embezzled $53,740,394 million dollars from the town (caught in 2012, she is currently serving a 19 year prison term) What would be the "hourly wage"

dollars from the town (caught in 2012, she is currently serving a 19 year prison term) What would be the "hourly wage" for a person that wants to make $53,740,394 million over exactly 22 years? (NOTE: assume 1 year 365.256 days) 1-2 If a certain physics professor gets $65,000/year, how many years would it take for such a person to make $53,740,394 million?

Answer 1

a) $278.65 million per hour

b) 826.77 million years

Explanation:

Given:

Total money = $53,740,394 million

Time taken to earn the money = 22 years

Now,

1 year = 365.256 days

and 1 day = 24 hours

thus,

22 years = 22 × 365.256 × 24 = 192855.168 hours

Therefore,

for a person that wants to make $53,740,394 million over exactly 22 years, will have hourly wage

=
`\frac{\textup{money to be earned}}{\textup{Time taken in hours}}`

=
`\frac{\textup{53,740,394 million}}{\textup{192855.168 hours}}`

= $278.65 million per hour

Now,

Salary of a physics professor = 65000 /year

Thus,

for physics professor to earn $53,740,394 million number of years taken will be

=
`\frac{\textup{$53,740,394 million}}{\textup{65000 /year}}`

= 826.77 million years