The equation, y = 12841(1.01)x , represents the average cost of an education at a private college, after 1990. What is the average cost in 1990 (x = 0)?
Wouldnt the answer be A? (:
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No, its 1.01
\[(1.01)^0=1\] so you just get the number in front
Which is what i did then i multiplied and got 12969.41 .... i must have mis calculated hold on i will try again
hold on multiplied by what? 1 times any number is just that number.
but isnt it 1.01 not 1?
oh no. anything to the power of zero is 1
you have \[12841(1.01)^x\] i am fairly sure the x is in the exponent. this is growth of 1% per year. when you replace x by 0 you get what you started with, which is the number out front, because \[(1.01)^0=1\]