Using the equation, y = 12841(1.01)x, predict the cost of an education in a private college in the year 2010. Use x = 20 as this is 20 years after 1990. Round to the nearest year. (Points : 1)
$14,908
$20,628
$15,668
$19,652

Question

Using the equation, y = 12841(1.01)x, predict the cost of an education in a private college in the year 2010. Use x = 20 as this is 20 years after 1990. Round to the nearest year. (Points : 1)
      $14,908 
      $20,628 
      $15,668 
      $19,652

anonymous · Answer

can you explain how you got that?

anonymous · Answer

so that wouldnt be 1.01 x 20 it'd be 1.01 to the 20th power, correct?

directrix · Answer

Is there an exponent here:

y = 12841^ [ (1.01)^ (x) ]

directrix · Answer

@lovebug1009 --> Please click on DRAW and write the equation. Thanks.

anonymous · Answer

i copied and pasted it ..the answer given was right i just need to know how you got it

anonymous · Answer

internet issues :P

directrix · Answer

@lovebug1009 --> When you hand-write the equation using the blue DRAW tool (look below), I will attempt to work the problem and show steps given that you already have the answer. I seriously cannot decipher the equation.