Question

Using the equation, y = 20,000(0.95)x, predict the purchasing power of $20,000 ten years later
Anwsers:
$14,560
$10,255
$11,975
$12,635

Answer 1

again this is exponential growth and decay.... y = 20000(0.95)^10

Answer 2

Umm.. You mean \[20000(0.95)^x\] right??

Answer 3

again.. this is very difficult for me to figure out..

Answer 4

$11975

Answer 5

this stuff is so dumn too me . -_-

Answer 6

Just plug in 10 for x and put in your calculator

Answer 7

The equation is y=20,000(0.95)^x

So the buying power when x=0 is
20,000(0.95)^0=20,000

The purchasing power of $20,000
ten years later is

20,000(0.95)^10=11975