Math Problem Statement

One person earns $38,000 per year. Another person earns $2050 per month. How much more does the first person earn in a year than the second? The first person earns $ more than the second person in one year.

Solution

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Math Problem Analysis

Mathematical Concepts

Arithmetic
Annual Salary Calculation
Subtraction

Formulas

Yearly earnings = monthly salary × 12
Difference = first person's salary - second person's yearly earnings

Theorems

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Suitable Grade Level

Grades 6-8