Question

The average salary for a teacher is $55,000 per year. A physician makes on average $220,000. If you consider the earning potential of both over a 30 year period, what is the difference between the teacher's earnings as compared to the physician's wages?

$165,000

$1,430,000

$4,950,000

$6,545,000

Answer 1

The difference between the teacher's earnings as compared to the physician's earning over 30 years is $4,950,000

Explanation:

Given as :

The average salary for a teacher in a year = $55,000 per year

The average salary for a physician in a year = $220,000 per year

Let The difference between the teacher's earnings as compared to the physician's earning over 30 years = $x

Now,

The average salary for a teacher for 30 years = $55,000 × 30 = $1,650,000

The average salary for a physician for 30 years = $220,000 × 30 = $6,600,000

So,

The difference between the teacher's earnings as compared to the physician's earning over 30 years = The average salary for a physician for 30 years - The average salary for a teacher for 30 years

Or, $x = $6,600,000 - $1,650,000

∴ x = $4,950,000

So, The difference between the teacher's earnings as compared to the physician's earning over 30 years = x = $4,950,000

Hence, The difference between the teacher's earnings as compared to the physician's earning over 30 years is $4,950,000 . Answer