Problema Solution
The equation y=12.6x+9.2 estimates the amount that businesses will spend, in billions of dollars, on a certain business technology, where x is the number of years after 2001. For what years will the spending be more than $47 billion?
Answer provided by our tutors
We need to find for what x we will have y = 47 billion that is:
12.6x+9.2=47
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x = 3 years
For more than 3 years, that is after the year of 2001 + 3 = 2004 the spending will be more than $47 billion.