Question

Let the equation C = 2.32 N + 34,180 represent the cost of raising a child, C, on an income, N.

If the Murphy family has an annual income of $60,000, what is the expected cost of raising a child?


$172,460

$173,380

$175,620

$176,980

Answer 1

Answer:

173,380

Step-by-step explanation:

just took the test and got it right

Answer 2

The expected cost of raising a child is $173,380.

Given,

C = 2.32 N + 34,180.

C represents the cost of raising a child.

N represents the income.

If the Murphy family has an annual income of $60,000.

We are to find the expected cost of raising a child using the given equation.

We have,

C = 2.32 N + 34,180________(A)

Now,

If the Murphy family has an annual income of $60,000.

N = $60,000___________(B)

Putting (B) in (A).

C = 2.32 x $60,000 + 34,180

C = 139,200 + 34,180

C = $173,380.

Thus the expected cost of raising a child is $173,380.

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