Answer:
The correct answer is $10,629
Step-by-step explanation:
Here is how I got it!
First, you will have to borrow the 20,000 from the word problem.
Next, multiply 20,000 with 0.81 with the power of 3
[tex]20,000*0.81^3=n[/tex]
The 3 is the number of years, n is the nearest $ answer.
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First, do [tex]0.81^3[/tex]
[tex]0.81*0.81*0.81=0.531441[/tex]
(Wow, that's a crazy number!)
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With 0.531441, multiply it with 20,000
[tex]20,000*0.531441=10628.82[/tex]
10,628.82 is technically (in money) $10,628.82 (with .82 being eighty-two cents).
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Finally, it states to answer to the nearest $.
Just round up the .82 to 1 dollar which will just add one more dollar to 10,628
[tex]10,628[/tex] ⇒ [tex]10,629[/tex]
Add you $ symbol
With the result being: $10,629
