Nursing home costs are on the rise as consumeraffairs.com reports in its quarterly newsletter. The average cost is around $196 a

Question

2 years ago

12

Nursing home costs are on the rise as consumeraffairs.com reports in its quarterly newsletter. The average cost is around $196 a

day with an average length of stay of 2.9 years.
Calculate the cost of the average nursing home stay.

Note: Consider 365 days a year. Do not round intermediate calculations.

Mathematics

1 answer:

Anna35 [415] · Answer 1 · 2023-10-06T00:46:20+03:00

The cost of the average nursing home stay is $207466

<h3>How to compute the value?</h3>

It should be noted that the average cost is around $196 a day with an average length of stay of 2.9 years and we want to calculate the cost of the average nursing home stay.

This will be:

= $196 × 365 × 2.9

= $207466

Therefore, the cost is $207466.

Learn more about computations on:

brainly.com/question/28459219

#SPJ1