ANSWER
The first person earns $11,400 more than the second person
STEP-BY-STEP EXPLANATION
Given parameters
• First-person earns $54, 000 per year
,
• Second person earns $3550 per month
Recall that, 12 months make a year
Since the second earns per month, the total money earned in a year can be calculated below
Let x be the amount earned in a year
[tex]\begin{gathered} \text{Amount earns in a month = \$3550} \\ 12\text{ months = 1 year} \\ 1\text{ month = \$3550} \\ 12\text{ months = x} \\ \text{Cross multiply} \\ x\cdot\text{ 1 = 3550 }\cdot\text{ 12} \\ x\text{ = \$42,600} \end{gathered}[/tex]
Hence, the second person earns $42,600 in a year
To calculate how much more the first person earns in a year than the second, we need to subtract the total amount earned by the second person from the first person
54, 000 - 42,600 = $11, 400
Therefore, the first person earns $11,400 more than the second person
