For the period 1995-2002, the total personal expenditures (in
billions of dollars) in the United States for food,
f(x), and for housing, h(x),
can be described by the equations shown below, where x is
the number of years past 1995.†
f(x) = 40.74x +
742.65 and h(x)
= 47.93x + 725
Find the year in which these expenditures were equal and the
amount spent on each. (Round the year up. Give the amount correct
to the nearest whole billion.)
year | |
amount | billion dollars |