There are 40 working hours in a week and 52 weeks a year. How much does Nate need to make an hour to stay out of debt if it costs him $900 to live each month?
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Answer: $5.19
Step-by-step explanation:
If there are 40 working hours in a week and 52 weeks in a year, 40 * 52 should be the amount of working hours in a year.
40 * 52 = 2080 working hours
Nate needs $900 to live each month and there are 12 months in a year, so $900 * 12 would equal how much he spends per year.
$900 * 12 = $10800
Divide $10800 by 2080 working hours to get how much he needs to make per working hour.
10800/2080 = approximately 5.19, rounded down from the nearest hundredth
He needs to make $5.19 per hour, so the answer is the last option.