Substitute the number of years after 1950 that it is right now into the equation y = 0.50(1.06)x. (For instance, if it is 2006, use x = 56.) What answer did you get?

Question

anonymous · Answer

0.50 * 1.06^61

anonymous · Answer

Or should it be 0.50 * 1.06^(61+(354/356))? :-P

turingtest · Answer

good point @fewscrew

turingtest · Answer

of course you meant
0.50 * 1.06^(61+(363/365))
typo I know...

anonymous · Answer

opps I did not use 56, I used 6

anonymous · Answer

Haha of course I did. It's late at night here, typos will abound.

anonymous · Answer

(Typos and general cerebral failures.)

turingtest · Answer

Happens all the time... the risk of relying on open study
tired students giving advice.

anonymous · Answer

Haha indeed, indeed. I hope not too many a poor soul has been sent on completely the wrong path due to others' lack of sleep.

turingtest · Answer

@Fewscrew we can only hope.
@meow When you come back try either of fewscrew's formulas you prefer, depending on how specific you think you need to be. Tell us what you get and we'll let you know if you have it right.