Question

Since 2004, the amount of money spent at restaurants in a certain country has increased at a rate of 896

each year. In 2004, about $390 billion was spent at restaurants. If the trend continues, about how much will

be spent at restaurants in 2015?

About $ billion will be spent at restaurants in 2015 if the trend continues.

(Round to the nearest whole number as needed.)

Answer 1

About $733 billion will be spent at restaurants in 2015, if the trend continues.

Explanation:

Since 2004, the amount of money spent at restaurants in a certain country has increased at a rate of 8% each year.

In 2004, about $390 billion was spent at restaurants and if this trend continues, then in the year 2015, the amount of money spent in restaurants will be

`390(1 + (8 * (2015 - 2004))/(100)) = 733.2` billion dollars.

Therefore, about $733 billion will be spent at restaurants in 2015, if the trend continues. (Answer)