Suppose that the equation, y = 8(1.07)x, represents the winning prize money, in thousands, for first place in the a major auto race. X represents the number of years after 1920, the first year. What is the value for 1920 (x = 0)?

$1,070

$8,000

$16,000

$8,560

Question

Suppose that the equation, y = 8(1.07)x, represents the winning prize money, in thousands, for first place in the a major auto race. X represents the number of years after 1920, the first year. What is the value for 1920 (x = 0)?

		
$1,070
 		
$8,000
 		
$16,000
 		
$8,560

anonymous · Answer

does anyone know this???

anonymous · Answer

not sure if u type the equation correctly
is it $$8*1.07x$$ ?

anonymous · Answer

I copied and pasted

anonymous · Answer

i'm guessing it's 8*1.07^x then

either way the answer is 8000