Question

Cameron is choosing a career out of high school with no further training. The median salary for this career is $30,000. His friend Mateo is choosing a career that requires a college degree but has a median salary of $55,000. Over 20 years, what will be the difference between their incomes?

Answer 1

(C) 500,000

Step-by-step explanation:

On edge

Answer 2

The difference in income between Cameron and Mateo is $500,000.

Explanation:

Cameron decided to start his career directly out of the high school with no further training. He was able to make an average of $30,000 in his career.

Mateo was a best friend of Cameron. He started his career after completing his college degree. He was able to make an average $55,000 for a year.

Both of them had huge difference in their salary. After 20 years, the difference between the income of Cameron and Mateo will be $500,000.

Difference in income after 20 years= (55000-30000)*20

= (25000)*20

= 500,000

Therefore, the difference in income between Cameron and Mateo is $500,000.