Question 507874: From 1984 to 1987, medical expenses in the US rose in a linear pattern
from 10.3% of the gross national product to 10.9% in 1987. If the level of growth continues at this rate write a linear equation to describe the percent of gross national product devoted to medical expensess, y in year x.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! From 1984 to 1987, medical expenses in the US rose in a linear pattern
from 10.3% of the gross national product to 10.9% in 1987. If the level of growth continues at this rate write a linear equation to describe the percent of gross national product devoted to medical expensess, y in year x.
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In 3 years the growth amount was 0.6% = 0.006
The yearly average growth amount is 0.006/3 = 0.002
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Equation: y = 0.002x + 0.103
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cheers,
Stan H.
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