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.
Question
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.

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