Question

Let y = 45,000(0.97)x represent the purchasing power of $45,000 with an inflation rate of 3% per year, where x represents the number of years. What is the purchasing power when x = 0?

Answer 1

\[\huge y = 45000^{0.97x}\]what do you get for x = 0, what is y?

Answer 2

read the beginning

Answer 3

yea y is the purchasing power
when you substitute x = 0, what do you get for y?

Answer 4

i have no idea

Answer 5

\[0.97 \times 0 = 0\] right?

Answer 6

these are the answer choices
$0

$45,000

$90,000

$43,650

Answer 7

nvm what i said.
i put it in wrong form
\[y = 45000(0.97)^x\]\[y = 45000(0.97)^0\]\[y=45000\]

Answer 8

thanks