need funding for 1994 and 1995 Allegera McReynolds 1/29/17 11:00 Homework: M7.3

Question

need funding for 1994 and 1995

Allegera McReynolds 1/29/17 11:00 Homework: M7.3 Apply (Copy) HW Score: 0%, 0 of 5 pts Score: 0 of 1 pt 3 of (1 complete saueston Help M7.3 Apply Q-5 In 1994, unding a program increased by 0.60 blion dollars mom the funding i 1993 In 1995, he ncrease was 1.26 belon dolars over he much was tunded neachet these three years? unding in 19o4. For those three years the tundng was 10 302 was $2.82 bilion. Type an integer or a decimal. n 1994, funding was (Type an ilaget or a decimal) Enter your ansaerinte answer box and then clck check Answar

Explanation / Answer

Let the funding in 1993 be x billion dollars. Then the funding in 1994 was x + 0.60 billion dollars and the funding in 1995 was (x+0.60) + 1.26 = x +1.86 billion dollars. Since the total funding in 1993,1994 and 1995 was 10.32 billion dollars, hence x + (x +0.60) +(x+1.86) = 10.32 or, 3x + 2.46 = 10.32 or, 3x =10.32-2.46 = 7.86. Therefore, x = 7.86/3 = 2.62. Thus, in 1993, the funding was $2.62 billion.The funding in 1994 was 2.62+0.60 = $ 3.22 billion and in 1995, the funding was 3.22+1.26 = $ 4.48 bllion.

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