Question

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

Answer 1

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.

Answer 2

The purchasing power of 20000 be in 5 years

Y=20,000×(0.95)^(5)
Y=15,475.62

Hope it helps