Patrick B. answered • 07/11/20
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B(5) = 0.99*5 = (1.00 - 0.01)*5 = 5.00 - 0.05 = 4.95
Courtney L.
asked • 08/22/18word problem
write an equation, and then use the equation in the solving process.
An economist predicts that the buying power B(x) of a dollar x years from now will be given by the formula B(x) = 0.99x. How much will today's dollar be worth in 5 years? Round the answer to the nearest cent.
An economist predicts that the buying power B(x) of a dollar x years from now will be given by the formula B(x) = 0.99x. How much will today's dollar be worth in 5 years? Round the answer to the nearest cent.
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2 Answers By Expert Tutors
Arturo O. answered • 08/23/18
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B(x) = 0.99x
Plug in x = 5, evaluate, and round off as required.
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