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) a. $119,600 b. $23,920 c. $23,460 d. $117,300

Answer 1

$119,600

Explanation:

We have 52 weeks in a year

Therefore there will be 52 x 5 = 260 weeks in 5 years

Hourly salary = $11.50

Number of hours worked in a week = 40

Weekly salary = 40 x 11.50 = $460

Total earnings in 260 weeks = $460 x 260 = $119,600