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The amount of money spent at Cherry Hill Mall continues to increase. The total in millions of dollars, can be estimated f(x) = 12(1.12)^{x}, where x is the number of years after the expansion in 2005. According to this model, how much money is being spent this year?

Respuesta :

mathstudent55

Answer:

$73,564,723.80

Step-by-step explanation:

"x is the number of years after the expansion in 2005"

This year is 2021.

2021 - 2005 = 16

x = 16

[tex] f(x) = 12(1.12)^{x} [/tex]

[tex] f(16) = 12(1.12)^{16} [/tex]

[tex] f(16) = 73.56 [/tex]

Answer: $73,564,723.80