Question

Let the equation C= 2.32 N + 34,180 represent the cost of raising a child, C on an income, N. If the Corlone family has an income of $40,000 annually, what is the expect cost of raising a child?

Answer 1

$126,980

Explanation:

Given the equation C = 2.32N + 34,180 where 'C' is the cost of raising a child and 'N' is the income. If the Corlone family has an income of $40,000, you can use this value for 'N' and solve for 'C':

C = 2.32(40,000) + 34,180

C = 92,800 + 34,180

C = $126,980