5. The rising cost of nursing homes is forcing families to plan ahead. Nursing home costs have risen roughly 20% in 3 years, to an average of $46,000 per year. What is the cost of nursing home care 3 years ago? Round to the nearest thousands.

Question

5.	The rising cost of nursing homes is forcing families to plan ahead. Nursing home costs have risen roughly 20% in 3 years, to an average of $46,000 per year. What is the cost of nursing home care 3 years ago? Round to the nearest thousands.

anonymous · Answer

is it $230 thousand? sorry but I suck at math.

dan815 · Answer

try to understand the question

anonymous · Answer

46000 is 120% of the original amount

dan815 · Answer

sry i read the question wrong

dan815 · Answer

its going up 46000 per year

dan815 · Answer

solve for x

anonymous · Answer

oh it rose 20% to 46,000

anonymous · Answer

just divide by 1.2

anonymous · Answer

it's not multiplied by 3 like he has it though

anonymous · Answer

it wasn't more than 46000 3 years ago, it was less.  46000/1.2=38333.3 or $38000 rounded to the nearest thousand

dan815 · Answer

antionette is it a multiple choice question

anonymous · Answer

So 3 years ago wouldn't it have been lower around $37,000 or $38,000 sense it went up 20%

anonymous · Answer

yes

dan815 · Answer

oh i undetand this question wrong

anonymous · Answer

No not a multiple choice. I think it is asking how much was it 3 years ago sense it went up 20% over the last 3 years.

dan815 · Answer

it thought its saying 46000 increasing every year

anonymous · Answer

try it backwards and increase 38333.3 by 20%

dan815 · Answer

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