Question

In lowa, 73,060 households bring home an income over $1,000,000. If this is5.1% of the number of households in lowa, how many households are in lowa?Round to the nearest household (whole number).

Answer 1

Given that 73,060 households are 5.1% of the number of households in Iowa, let be "x" the number of households in Iowa (that represents 100% of the households).

Using the data provided in the exercise, you can set up the following proportion:

`(73060)/(5.1)=(x)/(100)`

Now you need to solve for "x" in order to find its value:

`\begin{gathered} (100)((73060)/(5.1))=x \\ \\ (7306000)/(5.1)=x \end{gathered}`
`x\approx1432549`

Hence, the answer is: There are 1,432,549 households in Iowa.