Here are the median Annual Salaries for two different people: Level of Education Bachelor's Degree Master's Degree Median Annual Salary $52,900 $68,100 If each works for 36 years, how much more will the person with the master's degree earn over that time?

Question

Mathematics

Moises Huber

29 April, 10:39

Here are the median Annual Salaries for two different people: Level of Education Bachelor's Degree Master's Degree Median Annual Salary $52,900 $68,100 If each works for 36 years, how much more will the person with the master's degree earn over that time?

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Sofia Hudson · Answer 1

Answer: $547200

Median salary of masters older is 68,100

Total after 36 years = 68,100*36 = $2,451,600

Median Salary of BSc holder is $52,900

Total median salary after 36 years is 52,900*36 = 1,904,400

The difference is $2,451,600-1,904,400 = 547,200

The person with Masters will earn $547,200 after 36 years