Answer:
$5.40
Explanation:
To find the increase we need to consider our variables.
Current Rate = $4.50
Increase Percentage = 20% or 0.20
Now we can find the new rate by multiplying the Current Rate to the Increase Percentage and add it to the Current Rate again.
Total Price w/ Increase = ($4.50 x 0.20) + $4.50
Total Price w/ Increase = $0.90 + $4.50
Total Price w/ Increase = $5.40