PLEASE DONT WASTE MY POINTS ITS THE 5TH TIME POSTING An economist calculates that the cost of living in Westminster is currently $44,000 per year and is increasing by 5% per year. What will the cost of living be in 20 years? Round to the nearest cent.

Given:

Initial cost of living = $44,000

Rate of increase = 5% = 0.05

To find:

The cost of living in 20 years.

Solution:

The exponential growth model is:

Where, a is the initial value, r is the growth rate and t is the number of years.

Putting in the above model, we get

Therefore, the cost of living in 20 years is about $116745.10.

1; 35 is the ratio

step-by-step explanation:

hello :

by applying the distributive property :

6 × 4.3 = 6 × ( 4 + 0.3 )

            =   (6 ×   4) + (6 ×   0.3)

            = 24 + 1.8

6 × 4.3 = 25.8