SOLUTION: Americans spent 76 billion dollars on a certain commodity in 1992 and 110 billion dollars in 1996. assuming that this trend continues, estimate the amount spent on this commodity d
Algebra ->
Customizable Word Problem Solvers
-> Geometry
-> SOLUTION: Americans spent 76 billion dollars on a certain commodity in 1992 and 110 billion dollars in 1996. assuming that this trend continues, estimate the amount spent on this commodity d
Log On
Question 1089441: Americans spent 76 billion dollars on a certain commodity in 1992 and 110 billion dollars in 1996. assuming that this trend continues, estimate the amount spent on this commodity during 1994. Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Find the equation of this straight line
I can set these conditions:
1992 = 0
1994 = 2
1996 = 4
--------------
Let = billions of dollars spent
Let = number of years after 1992
Use the general point-slope formula
--------------------------------------
--------------------------
1994 = 2
93 billion was spent during 1994
------------------------------
here's the plot:
