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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)?

A$12,969
B$12,841
C$13,122
D$13,099

Verified Answer :

nobillionaireNobley

The average cost in 1990 is $12,841.

Answer:

Option B is correct.

the average cost in 1990 is, $12,841

Step-by-step explanation:

Given the equation :

@@MATH_TOKEN_0@@          ....[1]

where y represents the he average cost of an education at a private college after 1990 and x be the time in years.

We have to find the average cost in 1990.

⇒@@MATH_TOKEN_1@@

Substitute in [1] we have;

@@MATH_TOKEN_2@@

Simplify:

@@MATH_TOKEN_3@@

Therefore, the average cost in 1990 is, $12,841

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