Question

The total national health care expenditures H, in billions of dollars, can be modeled by H=1500e0.053t where t is the number of years past 2000. What were total national health care expenditures in the year 2000?

Answer 1

The total national health care expenditures H, in billions of dollars, is $1500 billion or in trillion is $1.5 trillion

Explanation:

H = 1500e0.053t

And t is number of years past 2000

Now calculating for the year 2000 implies t = 0

Substituting t into the formula

H = 1500e0.053(0)

H = 1500e0

H= 1500(1)

H= 1500