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attashe74 [19]
4 years ago
15

Using the equation y=20000(0.95)^x what would the purchasing power of 20000 be in 5 years

Mathematics
2 answers:
Nina [5.8K]4 years ago
7 0

Answer: $15475.62

Step-by-step explanation:

We are given the exponential equation below representing the purcahsing power :

y=20000(0.95)^x, where x is the number of years.

To find the purchasing power of 20000 be in 5 years, substitute x=5 in the above equation , we get

y=20000(0.95)^5=15475.61875\approx\$15475.62

Hence, the  purchasing power of 20000 be in 5 years will be $ 15475.62.

dmitriy555 [2]4 years ago
3 0
The purchasing power of 20000 be in 5 years

Y=20,000×(0.95)^(5)
Y=15,475.62

Hope it helps
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Answer:

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Step-by-step explanation:

Compounded interest formula is

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Step-by-step explanation:

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Step-by-step explanation:

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