Question

Let y=20,000(0.95)^x represent the buying power of $20,000 with an inflation rate of 5% per year, where x represents the number of years. Using the equation, predict the purchasing power of $20,000 in ten years.

a. $14,560
b. $10,255
c. $11,975
d. $12,635

Answer 1

20,000*.95^10

Answer 2

C ?

Answer 3

@Agent47

Answer 4

Use a calculator.. i don't have one on me and i can't do that in my head. u can even type that into google to get ur answer.. sorry im lazy

Answer 5

but ya it is C