Question

The equation y = 1.55x + 110,419 approximates the total cost, in dollars, of raising a child in the united states from birth to 17 years, given the household’s annual income, x.
What is the approximate total cost of raising a child from birth to 17 years in a household with a weekly income of $1211?
A)$112,295.05
B)$132,943.60
C)$155,468.20
D)$208,025.60

Answer 1

Answer:

The correct option is A). $112295.05

Step-by-step explanation:

The equation for approximating the total cost is given to be :

y = 1.55x + 110419 , where x is the annual household's income and y is the total cost in dollars of raising a child in the united states from birth to 17 years

We need to calculate the total cost of raising a child in the united states from birth to 17 years if the annual household's income is given to be $1211

So, for this we will use the given equation and substitute x = 1211 and find the value of y which will be our total cost

⇒ Total cost , y = 1.55 × 1211 + 110419

⇒ y = 1877.05 + 110419

⇒ y = 112296.05 ≈ 112295.05

Hence, The approximate total cost of raising a child from birth to 17 years in a household with a weekly income of $1211 = $112295.05

Therefore, The correct option is A). $112295.05