Eben figures he can work a part-time job for 20 hours a week, 50 weeks a year, for the next four years to earn money for his higher education. He wants to pursue a two-year program at a community college and figures he will need $22,500 each year for tuition, fees, and living expenses. What is the minimum he must make per hour?(1 point) Responses $11.25 $11.25 $10.50 $10.50 $10.82 $10.82 $5.63 $5.63

1 answer

To calculate the minimum amount Eben must make per hour, we need to divide the total amount of money he needs for four years by the total number of hours he plans to work.

Total amount needed for four years: $22,500 * 2 = $45,000
Total number of hours he plans to work: 20 hours/week * 50 weeks/year * 4 years = 4,000 hours

Minimum amount he must make per hour: $45,000 / 4,000 hours = $11.25

Therefore, the minimum amount Eben must make per hour is $11.25.