Denise G. answered • 06/10/21

Algebra, College Algebra, Prealgebra, Precalculus, GED, ASVAB Tutor

The general equation for exponential functions is y=a(b)^{x}

For yours, if I plug in the values:

y = 50000(0.85)^{8 } ≈ $13,624.53

**The answer that matches is A.** (C was a possibility, but the answer given is actually year 7, not 8)