Answer: No, it can never be greater. At most it can be equal though.
<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:
3. 28pm
Step-by-step explanation:
11 43
+3 45
15 28
15.28-12
=3.28
Answer:
15 races
Step-by-step explanation:
The team has competed in 45 and has won 30. So the success rate is:
Success rate is:

We have to find the number of races the team needs to win for 75% success rate
Which means that

We have to solve the equation for x

The team needs to win 15 races to get 75% success rate ..
Answer:
9.42 years (= 113 months)
Step-by-step explanation:
Use the compound rate interest formula:

where:
- A = amount
- P = principal
- r = interest rate (in decimal format)
- n = number of times interest is compounded per unit t
- t = time
Given:
- A = $7850
- P = $5000
- r = 4.8% = 0.048
- n = 12
- t = years




Take natural logs:




