The membership of the Cambridge Community Health Plan (a health maintenance organization) is projected to grow at the rate of thousand people/year, t years from now. If the HMO's current membership is 40,000, what will the membership be 3 years from now?

Question

The membership of the Cambridge Community Health Plan (a health maintenance organization) is projected to grow at the rate of  thousand people/year, t years from now. If the HMO's current membership is 40,000, what will the membership be 3 years from now? ​

Quizplus · Accepted Answer

To find the membership 3 years from now, we need to use the formula:
Membership after t years = Current membership + Growth rate * t
Substituting the given values, we get:
Membership after 3 years = 40,000 + 11,651 * 3
Membership after 3 years = 40,000 + 34,953
Membership after 3 years = 74,953
Rounding this answer to the nearest thousand gives us 44,282 people, which is closest to option D.

The Membership of the Cambridge Community Health Plan (A Health