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Suppose the average yearly salary of an individual whose final degree is a? master's is ?$55 thousand less than twice that of an individual whose final degree is a? bachelor's. Combined, two people with each of these educational attainments earn ?$116 thousand. Find the average yearly salary of an individual with each of these final degrees.

Respuesta :

Answer: Average salary of individual who has bachelor's degree is $57000 and Average salary of individual who has master's degree is $59000.

Step-by-step explanation:

Since we have given that

Let the average yearly salary of an individual whose final degree is of bachelor's be 'x'.

Let the average yearly salary of an individual whose final degree is of master's is given by

[tex]2x-55000[/tex]

Combinedly two people earn = $1160000

According to question, we get,

[tex]x+2x-55000=116000\\\\3x=116000+55000\\\\3x=171000\\\\x=\frac{171000}{3}=\$57000[/tex]

Average salary of individual who has bachelor's degree is $57000

Average salary of individual who has master's degree is given by

[tex]2x-55000\\\\2\times 57000-55000\\\\=114000-55000\\\\=\$59000[/tex]

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