Problema Solution
on january 1 of a certain year the price of gasolin was $2.79 per gallion throughout the year the price of gasolin increased by 1.5% per month what was the cost of one gallion of gasolin to the nearest cent one year later on january 1
Answer provided by our tutors
The cost of one gallion of gasolin to the nearest cent one year later on january 1
= $2.79*(1+1.5%)^12 = $3.34
So the cost of one gallion of gasolin to the nearest cent one year later on january 1 is $3.34