Final answer:
Substitute 5 for x in the equation y=58000(1.12)^x, calculate (1.12)^5, and multiply the result by 58000 to find y. When x is 5, y is approximately 102216.26.
Step-by-step explanation:
To find the value of y when x is 5 using the equation y=58000(1.12)^x, you need to substitute 5 for x and calculate the result. Follow these steps:
- Substitute 5 for x in the equation: y = 58000(1.12)^5.
- Calculate the power: (1.12)^5.
- Multiply the result by 58000 to find the value of y.
So, the calculation would look like this:
y = 58000(1.12)^5 = 58000 x 1.7623417
= 102216.2586
Therefore, when x is 5, y is approximately 102216.26.