<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
1/2×4=4/8
1/8=1/8
1/4×2=2/8
so 4/8+2/8=6/8
and 6/8+1/8=7/8
so 7/8 ribbons will be collected
Let m be the slope:
m=(y₂-y₁)/(x₂-x₁)
solve for c:
1/6=(9-c)/(1-7)
1/6=(9-c)/-6
-1=9-c
-10=-c
c=10
$102/8 hours= $12.75 per hr
Final answer: $12.75 per hr