Answer:
Step-by-step explanation:
The given system of equations is now reduced:
1) ,
,
,
Given
2) By 1)
3) 2) in 1)
4) By 1)
5) 4) in 3)
6) Algebra
7) Algebra
8) 7) in 4)/Algebra
9) 7) and 8) in 2)/Algebra
10) 9), 1), 7) and 8)/Algebra/Result
Answer: $1117.42
Step-by-step explanation:
Given: The amount predicted by Economist =$1180
Let x be the amount spent by Americans on Summer vacation in 2014.
Therefore, According to the question, we have
5.6% of x+x=1180
Hence, the amount spent by Americans on Summer vacation in 2014 = $1117.42