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balu736 [363]
3 years ago
5

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

Mathematics
1 answer:
Maksim231197 [3]3 years ago
8 0

Answer:

It will be $7602.3

Step-by-step explanation:

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

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

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

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