If average annual income for all workers is $37,000 and a person with a bachelor’s degree can expect to earn 32 percent more tha
n average, what is the average annual income for persons holding bachelor’s degrees (round to the nearest thousand)?
1 answer:
Answer:
$48,840.00
Explanation:
With an average income of $37,000
A graduate is expected to earn 32% more than that amount.
The anticipated earnings for the graduate would be $37,000 + ( 32% of $37,000)
=$37,000 +(32/100 * 37,000)
=$37,000 + $11,840.00
= $48,840.00
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