James has a job with a current salary of $42,000. he wants to earn a college degree that will take him 2 years to complete and it will cost $28,000 per year. he will go to school full time and will not be able to work. upon graduation, james' new salary will be $56,000 per year. how many years will it take james to recover his investment? a. 1.3 years b. 2.5 years c. 10 years d. 20 years.

the answer is C. 10 YEARS

10 years

Step-by-step explanation:

Given : James has a job with a current salary of $42,000. He wants to earn a college degree that will take him 2 years to complete and it will cost $28,000 per year. He will go to school full time and will not be able to work. Upon graduation, James' new salary will be $56,000 per year

To Find: How many years will it take James to recover his investment?

Since it will take two years to complete his degree

Fees of one year = $28000

Fees for two years = 28000*2 =56000

since he was earning $42000 per year

so, total earning he is losing in these two years = $84000

since she is paying 54000 for two years.

So, total amount she is losing = $84000+$56000 = $140000

So, total amount she needs to recover is $140000

After graduation, James' new salary will be $56,000 per year.

His previous salary was $42,000

So, profit he is earning = $56,000 -$42,000= $14000

Now,  years will it take James to recover his investment = 140000/14000 =10

Hence it take 10 years to recover his investment

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step-by-step explanation:

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