Answer:
The constant of proportionality is 5.
Step-by-step explanation:
If the quantity q varies inversely with the square of m and directly with the product of r and x, then the variation equation is
When q=2.5, m= 4 and the
product of rx = 8.
We plug in this values to get;
Multiply both sides by 2
The constant of proportionality is 5.
<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