christophercraft14 christophercraft14
  • 03-01-2020
  • Mathematics
contestada

Y=10,000(0.97)x predict purchasing power of $10,000 ten years later

Respuesta :

rani01654 rani01654
  • 10-01-2020

Answer:

It will be $7602.3

Step-by-step explanation:

The equation [tex] y = 10000(0.97)^{x}[/tex] gives the purchasing power of $10000 after x years.

Therefore, the sum of money $10000 will value [tex] 10000(0.97)^{x}[/tex] after x number of years.

Now, after 9 years i.e. x = 9 years, the sum value of $10000 will become [tex] y = 10000(0.97)^{9} = 10000 \times 0.76023 = 7602.3[/tex] dollars. ( Answer )

Answer Link

Otras preguntas

A blue rope is 3 times the length as a red rope. A green rope is 5 times as log as the blue rope of the total length of all 3 ropes equals 508.25m what is the l
Forget the motor When im on the boat Think of the best time To buy a new coat What am I......?
Thelma spent 1/6 of her weekly allowance on dog toys.  1/4 on a dog collar and 1/3 on dog food.  What fraction of her weekly allowance is left
What's 5 divided by x squared explain
A blue rope is 3 times the length as a red rope. A green rope is 5 times as log as the blue rope of the total length of all 3 ropes equals 508.25m what is the l
Thelma spent 1/6 of her weekly allowance on dog toys.  1/4 on a dog collar and 1/3 on dog food.  What fraction of her weekly allowance is left
find the sum. write each mixed number in simplest form 4 7/8 + 5 1/4
Does an owl have a backbone?
What's 5 divided by x squared explain
What were the contributions of the Harappan civilization?