Question

Need help pleasee!!!!!!!

Answer 1

Smith family spend $11208 per year to raise their child from 5 to 18 years old.

Solution:

Cost to raise the child from 5 to 18 years = $145,700

Number of years = 18 – 5 = 13

$\text{Cost per year}=\frac{\text{Total cost to raise}}{\text{Number of years} }$

                      $=\frac{145700}{13}$

                      = 11207.6923

                      = $11208

Cost per year = $11208

Hence Smith family spend $11208 per year to raise their child from 5 to 18 years old.