Problema Solution

Between the years 2000 and 2006, the average cost of auto insurance for a specific person grew 29%, to $856. What was the average cost in 2000? Round to the nearest dollar

Answer provided by our tutors

let 'x' represent the average cost in 2000


x + 0.29x = 856


by solving we find:


x = $664


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the average cost in 2000 was $664 to the nearest dollar.