SOLUTION: The function f(x)=6.75 X+12 models the amount, F(x), in billions of dollars of new student loans x years after 1993. According to the model, in what year is the model is the amount

Algebra ->  Radicals -> SOLUTION: The function f(x)=6.75 X+12 models the amount, F(x), in billions of dollars of new student loans x years after 1993. According to the model, in what year is the model is the amount      Log On


   

Question 627390: The function f(x)=6.75 X+12 models the amount, F(x), in billions of dollars of new student loans x years after 1993. According to the model, in what year is the model is the amount loaned expected to reach $45.75 billoin?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
f%28x%29=6.75x%2B12

45.75=6.75x%2B12

45.75-12=6.75x

33.75=6.75x

33.75%2F6.75+=+x

5+=+x

x+=+5

So 5 years after 1993, which is the year 1993 + 5 = 1998, the amount loaned is expected to reach $45.75 billion.

--------------------------------------------------------------------------------------------------------------
If you need more help, email me at jim_thompson5910@hotmail.com

Also, please consider visiting my website: http://www.freewebs.com/jimthompson5910/home.html and making a donation. Thank you

Jim
--------------------------------------------------------------------------------------------------------------