SOLUTION: The function f(x)=6.75 x +12 squared 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 amount loa

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: The function f(x)=6.75 x +12 squared 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 amount loa      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 761604: The function f(x)=6.75 x +12 squared 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 amount loaned expected to reach $32.25 billion?
Please show details. Thank you.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The function f(x)=6.75 x +12 squared 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 amount loaned expected to reach $32.25 billion?
------
f(x)=6.75 x +12
32.25 = 6.75x + 12
20.25 = 6.75x
x = 3 years
-----
Answer: 1996
====================
Cheers,
Stan H.
====================