Question

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.

Answer 1

Answer: the cost of nursing home care 3 years ago was $37,000

Explanation:

$46,000 x 20%=

$46,000 x 20/100= $9,200

$46,000 - $9,200 = $36,800