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Question

Difficulty Level:

Easy

MCQ

The expression $475 \cdot 1.076^{t}$ models the average annual per capita health care costs, in dollars, in the US as a function of the number of years since 1970 . What does ${1 . 0 7 6}$ represent in this expression?

Select all that apply :

$1.076$ represents the per capita health care costs increase by about $7.6 \%$ each year.

The per capita health care cost doubles every 76 years

The per capita health care costs were about $1076 in 1970.

None of the above

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