Question

The equation y = 1.55x + 110,419 approximates the total cost, in dollars, of raising a child in the United States from birth to 17 years, given the household’s annual income, x.

Approximately how much would it cost to raise a child in a household with an annual income of $62,500?
$96,875
$146,288
$207,294
$216,542

Answer 1

$207,294

Explanation:

Since x equals annual income, we just plug in 62,500 in place of x in the given equation

y = 1.55(62,500) + 110,419

y = 96,875 + 110,419

y = 207,294