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Solve the Problem B(x)B ( x ) Of a Dollar xx Years from Now Will Decrease According to the Formula

Question 10

Multiple Choice

Solve the problem.
-An economist predicts that the buying power B(x) B ( x ) of a dollar xx years from now will decrease according to the formula B(x) =0.78x\mathrm { B } ( \mathrm { x } ) = 0.78 ^ { \mathrm { x } } . How much will today's dollar be worth in 4 years? Round the answer to the nearest cent.


A) $2.95
B) $3.12
C) $0.37
D) $0.91

Correct Answer:

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