Question

Suppose the equation, y = 1600(1.03)x, represent the average cost of an education in a private college in 1992, where x stands for the number of years after 1992. What is the cost in 1992 (x = 0)?

$0
$1,616
$1,600
$3,200

Answer 1

Please help

Answer 2

\[\huge y = 1600 ( 1.03)^x\]substitute x = 0

Answer 3

u get 1600