SOLUTION: Some time ago, one of the United States was facing a budget deficit of $1 billion. The population of the state was approximately 10.5 million. How much would each person in the sta

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Question 1093298: Some time ago, one of the United States was facing a budget deficit of $1 billion. The population of the state was approximately 10.5 million. How much would each person in the state have to contribute to pay a $1 billion deficit? Round your answer to the nearest dollar.
Found 2 solutions by Boreal, MathTherapy:
Answer by Boreal(15235)   (Show Source): You can put this solution on YOUR website!
billion/number of people gives $/person, so that is the operation that needs to be done
10*10^8/1.05*10^7=9.523*10=$95.23
Note:
I can use 1*10^9/10.5*10^6 and get 0.09523*10^3, and moving the decimal 3 places to the right get the same answer. I prefer to have the constant in front of the 10 power larger in the numerator than in the denominator.
Answer by MathTherapy(10557)   (Show Source): You can put this solution on YOUR website!
Some time ago, one of the United States was facing a budget deficit of $1 billion. The population of the state was approximately 10.5 million. How much would each person in the state have to contribute to pay a $1 billion deficit? Round your answer to the nearest dollar. 
All you have to do is divide 1,000 million (1 billion) by 10.5 million, or: 

That's ALL! Nothing else to it! Nothing COMPLEX &/or CONFUSING! 

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