jamal works part - time earning $8,000 per ye...
jamal works part - time earning $8,000 per year. he reduces his work hours by half so that he can go to school. jamal completes his degree after 3 semesters (1.5 years) at a cost of $1,400 per semester in tuition and $500 per semester in books. what was jamals investment in getting his degree?\na. $4,700\nb. $5,700\nc. $11,700\nd. $17,700\nplease select the best answer from the choices provided\na\nb\nc\nd
Answer
# Explanation:
## Step1: Calculate total tuition cost
$1400\times3 = 4200$ (dollars)
## Step2: Calculate total book - cost
$500\times3=1500$ (dollars)
## Step3: Calculate lost income
He reduces work - hours by half. His annual income is $8000$, so for 1.5 years, the lost income is $\frac{8000}{2}\times1.5 = 6000$ (dollars)
## Step4: Calculate total investment
$4200 + 1500+6000=11700$ (dollars)
# Answer:
C. $11,700$