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Jace's average gross pay is $1,590.00 bi-weekly. determine how many years it will take jace to earn his first million dollars. (2 points)
o 12 years
o 13 years
0 24 years
o 25 years



Answer :

The number of years will take Jace to earn his first million dollars is option (c)24 years

Given,

The average bi-weekly gross pay=$1590

We know, One bi-week= 2 weeks

Number of bi-weeks in an year=26 bi-weeks

Total gross pay in an year =26×1590=$41340

The first million he earn=$1000000

Consider the number of years as x

Then,

x= $1000000/ Total gross pay in an year

[tex]x=\frac{1000000}{41340} \\x=24.18[/tex]

x≈24

Hence, The number of years will take Jace to earn his first million dollars is option (c)24 years

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