8) griffin is thinking over his college choices. the local community college offers a two - year degree and…

8) griffin is thinking over his college choices. the local community college offers a two - year degree and charges $2,500 per year in fees and tuition. a nearby public university offers a four - year degree that interests griffin, but the annual fee and tuition there is $6,800. if griffin attended the community college for two years and then transferred to the university to complete the final two years of a four - year degree instead of attending the university for all four years, how much would griffin save?\nsoleil has just finished her two - year associates degree and is comparing two job offers she has received. the first job pays $14 per hour and would require her to work 37 hours per week with one week of paid vacation. the second job offers a straight salary of $23,500 per year. which job would pay soleil more?

8) griffin is thinking over his college choices. the local community college offers a two - year degree and charges $2,500 per year in fees and tuition. a nearby public university offers a four - year degree that interests griffin, but the annual fee and tuition there is $6,800. if griffin attended the community college for two years and then transferred to the university to complete the final two years of a four - year degree instead of attending the university for all four years, how much would griffin save?\nsoleil has just finished her two - year associates degree and is comparing two job offers she has received. the first job pays $14 per hour and would require her to work 37 hours per week with one week of paid vacation. the second job offers a straight salary of $23,500 per year. which job would pay soleil more?

Answer

Explanation:

Step1: Calculate cost of 4 - year university

The annual fee of the university is $6,800. For 4 years, the total cost is $6,800×4 = $27,200.

Step2: Calculate cost of community - college and then university

The community college costs $2,500 per year for 2 years, and the university costs $6,800 per year for 2 years. The total cost is ($2,500×2)+($6,800×2)=$5,000 + $13,600=$18,600.

Step3: Calculate savings

The savings is the difference between the cost of 4 - year university and the cost of community - college and then university. So, $27,200−$18,600 = $8,600.

Step4: Calculate annual pay of first job

The first job pays $14 per hour and requires 37 hours of work per week. There are 52 - 1 = 51 working weeks (1 week of paid vacation). The annual pay is $14×37×51=$14×1,887 = $26,418.

Answer:

Griffin would save $8,600. The first job would pay Soleil more.