Question

Aging baby boomers will put a strain on Social Security benefits unless Congress takes action. The Social Security benefits to be paid out from 2010 through 2040 are projected to be S(t) = 0.1375t^2 + 0.5185t + 0.72 (0 ≤ t ≤ 3) where S(t) is measured in trillions of dollars and t is measured in decades, with t = 0 corresponding to 2010. (Round your answers to two decimal places.) (a) What was the amount of Social Security benefits paid out in 2010? $ trillion (b) What is the amount of Social Security benefits projected to be paid out in 2040? $ trillion

          Aging baby boomers will put a strain on Social Security benefits unless Congress takes action. The Social Security benefits to be paid out from 2010 through 2040 are projected to be S(t) = 0.1375t^2 + 0.5185t + 0.72 (0 ≤ t ≤ 3) where S(t) is measured in trillions of dollars and t is measured in decades, with t = 0 corresponding to 2010. (Round your answers to two decimal places.)

(a) What was the amount of Social Security benefits paid out in 2010?
$ trillion

(b) What is the amount of Social Security benefits projected to be paid out in 2040?
$ trillion

Added by Sandra B.

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