PLEASE HELP FAST The Booster Club raised $30,000 for a sports fund. No more money will be placed into the fund. Each year the fu

Question

3 years ago

12

PLEASE HELP FAST The Booster Club raised $30,000 for a sports fund. No more money will be placed into the fund. Each year the fu

nd will decrease by 5%. Determine the amount of money, to the nearest dollar, that will be left in the sports fund after 4 years.
A.
$27,550

B.
$22,641

C.
$24,435

D.
$24,436

Mathematics

1 answer:

zloy xaker [14] · Answer 1 · 2022-03-09T10:45:43+03:00

zloy xaker [14]3 years ago

3 0

Answer:

c. $24,435

Step-by-step explanation:

$30000(1 - .05)^{4} = 24,435.19$