Question

On January 1, 1999, the price of gasoline was $1.39 per gallon. If the price of gasoline increased by 0.5% per month, what was the cost of one gallon of gasoline, to the nearest cent, on January 1 one year later? What was the cost three years later?

Answer 1

1 Year Later: $140
I'm pretty sure this is the right answer.

Answer 2

$1.40

Explanation:

plug into formula

if plugged in right, plug into calculator.

You then should get the total of $1.40. :D