subtract 1950 from the current year and substitute that number into the equation, y=0.50(1.06)^x. (for instance, if it is 2006, use x=56.) what answer did you get?

please help !

Question

subtract 1950 from the current year and substitute that number into the equation, y=0.50(1.06)^x. (for instance, if it is 2006, use x=56.) what answer did you get?  

please help !

anonymous · Answer

well what do you get for x.  in this current year of 2013.

anonymous · Answer

once you find x, then it becomes very simple.

anonymous · Answer

is it 63?

anonymous · Answer

2013-1950 = 63 correct.  

change the x = 63 into the equation y=0.50(1.06)^x. then just solve the equation.

anonymous · Answer

19.6444?