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A half-gallon carton of organic milk costs $4.45 now and the price is increasing by 10 percent each year. What will be the price of the milk in 5 years?
(1 year) 4.45 x .01= .45 $4.45 + .45=$4.90 (2 year)4.90 x .01= .49 $4.90+.49=$5.39 (3 year)$5.39 x .01=.54 $5.39+.54=$5.93 (4 year) $5.93 x .01=.59 $5.93+.59=$6.52 (5 year) $6.52 x .01=.65 $6.52+.65=$7.17 the price of the milk in 5 years.
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Asked 7/17/2019 6:02:59 PM
Updated 3/15/2023 12:25:09 PM
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(1 year) 4.45 x .01= .45 $4.45 + .45=$4.90

(2 year)4.90 x .01= .49 $4.90+.49=$5.39

(3 year)$5.39 x .01=.54 $5.39+.54=$5.93

(4 year) $5.93 x .01=.59 $5.93+.59=$6.52

(5 year) $6.52 x .01=.65 $6.52+.65=$7.17 the price of the milk in 5
years.
Added 3/15/2023 12:25:09 PM
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