Answer:
Their cost of raising a child to 18 years old is 180,200.
Step-by-step explanation:
Consider the provided equation.
[tex]C=2.42N + 35,000[/tex]
Where, C is the cost and N represents the income of the parents.
The Choys have an income of 60,000 and we need to find their cost of raising a child to 18 years old.
To find the cost, simply substitute the N=60,000 in the above equation and solve for C.
[tex]C=2.42(60,000) + 35,000[/tex]
[tex]C=145,200 + 35,000[/tex]
[tex]C=180,200[/tex]
Hence, their cost of raising a child to 18 years old is 180,200.