cameron is choosing a career out of high school with no further training. the median salary for this career…

cameron is choosing a career out of high school with no further training. the median salary for this career is $30,000. his friend mateo is choosing a career that requires a college degree but has a median salary of $55,000. over 20 years, what will be the difference between their incomes?\n$25,000\n$85,000\n$500,000\n$1,700,000

cameron is choosing a career out of high school with no further training. the median salary for this career is $30,000. his friend mateo is choosing a career that requires a college degree but has a median salary of $55,000. over 20 years, what will be the difference between their incomes?\n$25,000\n$85,000\n$500,000\n$1,700,000

Answer

Explanation:

Step1: Calculate annual income difference

Find the difference in their annual median - salaries. $55000 - 30000=25000$.

Step2: Calculate 20 - year income difference

Multiply the annual difference by 20 years. $25000\times20 = 500000$.

Answer:

$500000$