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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 18

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) =0.42x\mathrm{B}(\mathrm{x}) =0.42^{\mathrm{x}} . How much will today's dollar be worth in 5 years? Round the answer to the nearest cent.


A) \$ 1.97
B) $0.65\$ 0.65
C) $2.10\$ 2.10
D) $0.01\$ 0.01

Correct Answer:

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