<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
Answer:
When proofreading, you should make sure all details are accurate and writing mechanics are correctly used.
Answer:
it is 519020
Step-by-step explanation:
Part A :
80x0.18= 14.4
Part B :
80x 0.075= 6
Part C
14.4+6 +80=$100
Exponential:
It is called the exponential function of base a, to that whose generic form is f (x) = a ^ x, being a positive number other than 1.
Every exponential function of the form f (x) = a^x, complies with the followingProperties:
1. The function applied to the zero value is always equal to 1: f (0) = a ^ 0 = 1
2. The exponential function of 1 is always equal to the base: f (1) = a ^ 1 = a.
3. The exponential function of a sum of values is equal to the product of the application of said function on each value separately.
f (m + n) = a ^ (m + n) = a ^ m · a ^ n
= f (m) · f (n).
4. The exponential function of a subtraction is equal to the quotient of its application to the minuend divided by the application to the subtrahend:
f (p - q) = a ^ (p - q) = a ^ p / a ^ q
Logarithm:
In the loga (b), a is called the base of the logarithm and b is called an argument, with a and b positive.
Therefore, the definition of logarithm is:
loga b = n ---> a ^ n = b (a> 0, b> 0)
