Question

Economists predict that Americans will spend $1,180 on Summer Vacation in 2015, this is up 4.8% from 2014. What did Americans spend in 2014?

Answer 1

Answer:

$1151.4

Step-by-step explanation:

let americans spend $a in 2014

(1+4.8%)a=1180

104.8%a=1180

a=1151.4 (rounded off to the nearest tenths)