In order to go to college, Hank goes from working full-time making $28,000 per year to working part-time at half the salary for two years. The cost of his education will be $5,000. If Hank makes $33,000 per year after getting his degree, approximately how many years will it take him to recover his investment? a. 1 b. 5. 6 c. 6. 6 d. 12. 2 Please select the best answer from the choices provided A B C D.

Investment is the faithfulness of an asset to achieve an increase in value over a period of time. Investment involves a sacrifice of some present asset, such as time, money, or effort.

Computation of a number of years:

Given,

Earning Per year = $28,000 (Full Time),

Earning Per year = $14,000 (Part Time),

He works part-time by losing $28,000 in two years, which means $14,000 a year, and $5,000 as a cost of his degree. Then he loses the total amount of $33,000.

Earning After Graduation = $33,000/- year.

Means, extra earning of $5000 per year, as compared to past earnings.

Then no. of years to recover the investments:

[tex]\text{Number of Years to Recover Investments}=\dfrac{\text{Earning After Graduation}}{\text{Extra Earning}}\\\\\\\text{Number of Years to Recover Investments}=\dfrac{\$33,000}{\$5,000} = 6.6\text {Years}[/tex]

However, option C is correct.

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