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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)

Verified Answer :

texaschic101

11.50 40 = 460 per week
460 52 = 23,920 per year
23,920 * 5 = 119,600 <== per 5 years

Answer:

$119,600

Step-by-step explanation:

We have been given that you currently earn $11.50 per hour. You work 40-hour weeks with no raises. We are asked to find total gross salary in the next five years.

\(\text{ Weeks in 5 years}=5\times 52\text{ weeks}=260\text{ weeks}\)

\(\text{Number of hours in 260 weeks}=260\times 40=10400\)

To find the amount in 10,400 hours would be 10,400 times $11.50.

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Therefore, the amount earned in 5 years would be $119,600.