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Mathematics, 03.08.2019 09:00 cyndiann2002

Consumer math ? question: let y = 10,000 (0.97)^x represent the buying power of $10,000, with an inflation rate of three percent per year. the table below represents the first four years later. which year is incorrect? 1 year later (x) | purchasing power (y) = 9,700 2 years later (x) | purchasing power (y) = 9,308 3 years later (x) | purchasing power (y) = 9,127 4 years later (x) | purchasing power (y) = 8,853 answers: a: 1 b: 2 c: 3 d: 4

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