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?

Question

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?
a. $10.82 
b. $11.25
c. $5.63
d. $10.50

GPT 3.5 · Answer

The total amount Eben needs to earn in four years is $22,500 x 2 = $<<22500*2=45000>>45,000.
He will work a total of 20 hours/week x 50 weeks/year = <<20*50=1000>>1,000 hours per year.
Therefore, he needs to make at least $45,000/4 years = $<<45000/4=11250>>11,250 per year.
To find the minimum hourly rate, divide $11,250 by the total number of hours worked in a year: $11,250 / 1,000 hours = $11.25.
Therefore, Eben must make at least $11.25 per hour.
The correct answer is b. $11.25.