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

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

campbell_st · Answer

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

anonymous · Answer

Umm.. You mean $$20000(0.95)^x$$ right??

anonymous · Answer

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

anonymous · Answer

$11975

anonymous · Answer

this stuff is so dumn too me . -_-

anonymous · Answer

Just plug in 10 for x and put in your calculator

anonymous · Answer

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