Answer:
Explanation:
The current price of one pack of pencil is $1.19. The cost of one pack of pencils is projected to increase by 135% in the next 5 years. This means that in 5 years from now, the increase in the price of a pack of pencil will be
135/100 × 1.19 = 1.35×1.19 = 1.6065
The new price in 5 years time as projected would be the sum of the initial price and the increase. It becomes
1.19 + 1.6065 = $2.7965