Question

You currently earn $11.50 per hour. Assuming that you work 40-hour weeks with no raises, what total gross salary will you earn in the next five years? (there are 52 weeks in 1 year)

Answer 1

11.50 * 40 = 460 per week
460 * 52 = 23,920 per year
23,920 * 5 = 119,600 <== per 5 years

Answer 2

$119,600

Explanation:

We have been given that you currently earn $11.50 per hour. You work 40-hour weeks with no raises. We are asked to find total gross salary in the next five years.

`\text{ Weeks in 5 years}=5* 52\text{ weeks}=260\text{ weeks}`

`\text{Number of hours in 260 weeks}=260* 40=10400`

To find the amount in 10,400 hours would be 10,400 times $11.50.

`\text{Amount earned in 5 years}=\$11.50* 10,400`

`\text{Amount earned in 5 years}=\$119,600`

Therefore, the amount earned in 5 years would be $119,600.