If Erin earns $48,300.00 per year, estimate how much she earns per hour. Assume that she works 40 hours per week and 50 weeks per year.

York

York

Answered question

2020-11-23

If Erin earns $48,300.00 per year, estimate how much she earns per hour. Assume that she works 40 hours per week and 50 weeks per year.

Answer & Explanation

SabadisO

SabadisO

Skilled2020-11-24Added 108 answers

First, we find how many hours Erin works per year: (40 hours/week)(50 weeks/year)=2000 hours/year
Divide the earnings per year by the hours per year to find the ACTUAL earnings per hour:
$48,300.00/2000=$24.15 per hour
If you were to estimate, we can let $48,300.00$48,000.00

$48,300.00$48,000.00 (by rounding down) so the earnings per hour is about:
$48,000.002000=$24 per hour

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