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<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
recall d = rt, distance = rate * time.
let's say airplane A is going at a rate of "r", therefore airplane B is moving faster, at a rate of "r + 80".
now, after 3 hours, both planes have been travelling for 3 hours each, and say if A has covered "d" miles, then B has covered the slack of 2490 - d.