Question

Jan is researching the average annual income that people earn in her state based on the level of education they have received.

Based on the table, how much more would someone with a bachelor’s degree earn compared to someone with a high school diploma over a period of 30 years?

Answer 1

Explanation:

well, we don't need to look for any fancy calculation tricks.

all we need to do is calculate the amounts in both cases and then calculate the difference.

bachelor's degree income in 30 years :

59,100×30 = $1,773,000

high school diploma income in 30 years :

35,250×30 = $1,057,500

the difference is

$1,773,000 - $1,057,500 = $715,500

a person with a bachelor's degree would earn

$715,500

more over a period of 30 years than a person with only a high school diploma.

this is not considering the changes of the income levels over the period of 30 years (that adds insult to injury ...).