Question

Chris earns a fixed amount of money every month. At the end of 2 years, chris had earned $86,688. He earned $ each year. He earned $ every month

Answer 1

Chris earned $ 43,344 each year

Monthly Chris earns $ 3,612

Explanation:

If you earn a fixed amount of money each month, for 2 years and one year you have 12 months, then 2 years equals 24 months.

To know how much you earn each month we divide the total amount earned in the two years between 24 months

I = $ 86,688 / 24

I = $ 3,612

Monthly Chris earns $ 3,612

To calculate what he earned each year we divided $ 86,688 / 2

I = $ 86,688 / 2

I = $ 43,344

Chris earned $ 43,344 each year