in the spring of 2016 the state of oklahoma was facing a budget deficit of $2.4 billion. the population of…

in the spring of 2016 the state of oklahoma was facing a budget deficit of $2.4 billion. the population of the state was approximately 3.9 million. how much would each person in the state have to contribute to pay a $2.4 billion deficit? (give your answer to the nearest dollar.) contribution amount: $ per person

in the spring of 2016 the state of oklahoma was facing a budget deficit of $2.4 billion. the population of the state was approximately 3.9 million. how much would each person in the state have to contribute to pay a $2.4 billion deficit? (give your answer to the nearest dollar.) contribution amount: $ per person

Answer

Explanation:

Step1: Convert numbers to standard form

$2.4$ billion = $2.4\times10^{9}$, $3.9$ million = $3.9\times 10^{6}$

Step2: Calculate per - person contribution

Contribution per person = $\frac{2.4\times 10^{9}}{3.9\times 10^{6}}$ Using the rule of exponents $\frac{a^{m}}{a^{n}}=a^{m - n}$, we have $\frac{2.4}{3.9}\times10^{9 - 6}=\frac{2.4}{3.9}\times10^{3}$. $\frac{2.4}{3.9}\approx0.6154$, and $0.6154\times10^{3}=615.38$.

Step3: Round to the nearest dollar

Rounding $615.38$ to the nearest dollar gives $615$.

Answer:

$615$