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.)
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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.†
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.)
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