There are two c's. You must pay attention to capitalization, there's a lowercase c and an uppercase C which represent two different variables. Also, the W is capitalized which could make your answer incorrect if you don't use the same notation.
Solving for small c..
So it's the answer shown in the picture, but it should be a capital W instead of a lowercase w.
Answer:
Where Y(t) represent the average annual per capita health care costs
475 represent the initial amount for the average annual per capita health care costs
t represent the number of years since 1970
And 1.076 represent the growth factor given by:
And solving for r we got:
So for this case we can say that the value 1.076 represent the growth factor.
Step-by-step explanation:
For this case we have the following model given:
Where Y(t) represent the average annual per capita health care costs
475 represent the initial amount for the average annual per capita health care costs
t represent the number of years since 1970
And 1.076 represent the growth factor given by:
And solving for r we got:
So for this case we can say that the value 1.076 represent the growth factor.