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since 2005 the amount of money spent on restaurants in a certain country has increased at a rate of 4% each year in 2005 about 670 billion was spent on restaurants if the trend continues about how much money will be spent on restaurants in 2013 

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Answer: Since 2005 the amount of money spent on restaurants in a certain country has increased at a rate of 4% each year. In 2005, about 670 billion was spent on restaurants.

To find the amount spent on restaurants in 2013, we can use the formula:

A = P(1 + r)^t

Where:

A = the final amount

P = the initial amount (670 billion)

r = the rate of increase (0.04 or 4%)

t = the number of years since the initial amount (8 years)

Plugging in the values, we get:

A = 670 billion (1 + 0.04)^8

A = 670 billion (1.04)^8

A = 670 billion * 1.4304

A = 951.8 billion

So, if the trend continues, about 951.8 billion will be spent on restaurants in 2013.

Explanation:

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