Answer:
It will be $7602.3
Step-by-step explanation:
The equation [tex] y = 10000(0.97)^{x}[/tex] gives the purchasing power of $10000 after x years.
Therefore, the sum of money $10000 will value [tex] 10000(0.97)^{x}[/tex] after x number of years.
Now, after 9 years i.e. x = 9 years, the sum value of $10000 will become [tex] y = 10000(0.97)^{9} = 10000 \times 0.76023 = 7602.3[/tex] dollars. ( Answer )
