EllamaeV519649 EllamaeV519649
  • 03-11-2022
  • Mathematics
contestada

how do i answer this/what is the answer to this

how do i answer thiswhat is the answer to this class=

Respuesta :

PaijeG646425 PaijeG646425
  • 03-11-2022

Answer:

$6.43

Explanation:

The given problem can be solved using the exponential growth equation below;

[tex]y=a(1+r)^x[/tex]

where a = the initial cost in 2003 = $4.75

r = rate in decimal = 1.8% = 1.8/100 = 0.018

x = number of years = 17 years

Let's go ahead and substitute the above values into the equation and solve for y;

[tex]\begin{gathered} y=4.75(1+0.018)^{17} \\ y=\text{ \$6.43} \end{gathered}[/tex]

Answer Link

Otras preguntas

Decrease 20 by 1/4 how do You do it
What is a normal force? a. It acts parallel to an object. b. It acts with an object adding to its speed. c. It acts perpendicular to an object. d. It acts again
Help me out pls, 20 points & Brainliest!
Find the the distance between [Image]
when was the 1 president
Yiping takes a Lyft home from the soccer game. He uses Lyft Premier, which costs $5 plus $2.30 per mile, and his bill comes to $22.25. How many miles did he tra
A biologist wants to know the width w of a river in order to properly set instruments for studying the pollutants in the water. From point A, the biologist walk
Round 51.478 to nearest tenth
Is the strange solid/liquid changing behavior of Oobleck the SAME as an ice cube melting?
Find the measure of