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Suppose the total household budget was 6% larger in 2009 than in 2007.
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19 Nov 2021, 06:41
19 Nov 2021, 06:41
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Question Stats:
50% (01:07) correct
50% (01:27) wrong based on 8 sessions
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Suppose the total household budget was 6% larger in 2009 than in 2007. What is the approximate percent of increase for money spent on housing from 2007 to 2009?
16%
21%
73%
83%
170%
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Re: Suppose the total household budget was 6% larger in 2009 than in 2007.
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21 Nov 2021, 00:40
21 Nov 2021, 00:40
2
1
\(T_{2009} = 1.06T_{2007}\)
answer = \((\frac{0.38T_{2009} - 0.22T_{2007}}{0.22T_{2007}})*100 = (\frac{0.38*1.06T_{2007} - 0.22T_{2007}}{0.22T_{2007}})*100 = (\frac{0.38*1.06 - 0.22}{0.22})*100 = \textbf{83%}\)
Hence, Answer is D
answer = \((\frac{0.38T_{2009} - 0.22T_{2007}}{0.22T_{2007}})*100 = (\frac{0.38*1.06T_{2007} - 0.22T_{2007}}{0.22T_{2007}})*100 = (\frac{0.38*1.06 - 0.22}{0.22})*100 = \textbf{83%}\)
Hence, Answer is D
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