Question

Let y=20,000(0.95)^x represent the purchasing power of $20,000 with an inflation rate of 5% per year, where x represents the number of years. What is the purchasing power when x = 0?

a. $20,000
b. $19,000
c. $40,000
d. $0

Answer 1

@Calcmathlete @lgbasallote

Answer 2

y=20,000

Answer 3

plug in x=0

Answer 4

any number to the 0th power is 1, so 1(20000) is 20000