Question

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?​

Answer 1

$7.17

Explination: $6.52 x .01=.65 $6.52+.65=$7.17

Answer 2

$7.17

Explanation:

(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