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Answer :
the purchasing power of 20000 be in 5 years
Y=20,000×(0.95)^(5)
Y=15,475.62
Hope it helps
Y=20,000×(0.95)^(5)
Y=15,475.62
Hope it helps
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Answer: $15475.62
Step-by-step explanation:
We are given the exponential equation below representing the purcahsing power :
[tex]y=20000(0.95)^x [/tex], 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
[tex]y=20000(0.95)^5=15475.61875\approx\$15475.62[/tex]
Hence, the purchasing power of 20000 be in 5 years will be $ 15475.62.
