The 2010 federal budget for the United States includes spending $164 billion to pay interest on the national debt. If this amount is 4.62% of the total budget, what is the total federal budget? (1 billion = 10?, 1 trillion = 10¹²) $3.55 trillion $355 billion $156 billion $7.6 trillion $7.6 billion
Added by Annette B.
Close
Step 1
62% of the total budget. We can write this as an equation: 164 billion = 0.0462 * Total budget Show more…
Show all steps
Your feedback will help us improve your experience
Ramesh Rajak and 65 other Algebra educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
In 2010, the population of the United States is about 281 million people. The national debt is 13.6 trillion dollars (one trillion is 1012). How much would each person have to contribute to pay off the debt?
Fazil Z.
In 2014, the federal debt was about $17.5 trillion. In 2014, the U.S. population was about 317 million. Assuming that the federal debt is increasing about 6.4% per year and the U.S. population is increasing about 0.7% per year, determine the per capita debt (total debt divided by population) in 2030.
Exponential and Logarithmic Functions
Financial Models
If a government runs a budget deficit of 10 billion dollar dollars each year for ten years, then a surplus of 1 billion dollar for five years, and then a balanced budget for another ten years, what is the government debt?
Recommended Textbooks
Elementary and Intermediate Algebra
Algebra and Trigonometry
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD