For this unit conversion problem, you'll need to know:
1 m = 100 cm
Now let's convert with this conversion ratio!
1 m = 100 cm
Now let's convert with this conversion ratio!
Find the sum of a third (a+b) and a fifth of (a-b)
1 answer:
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Answer:
696.91
Step-by-step explanation:
≈ 696.91
<h3>The projected amount the average American spent on health care in 2014 is $ 10075.91</h3>
<em><u>Solution:</u></em>
Given that,
The average American spent $8,508 on health care in 2011
The cost of health care is projected to rise about 5.8% per year for the years 2012-2022
<em><u>The increasing function is given as:</u></em>
Where,
y is future value
a is initial value
r is growth rate in decimal
t is number of years
From given,
a = 8508
t = 2011 to 2014 = 3 years
<em><u>Substituting the values, we get,</u></em>
Thus the projected amount the average American spent on health care in 2014 is $ 10075.91