Answer:
The Romano family's approximate heating expense for the next year, with a 6% price increase, will be approximately $795 when rounded to the nearest dollar.
Explanation:
To calculate the Romano family's approximate heating expense for the next year after a 6% increase in the price of home heating oil, you can follow these steps:
1. Calculate the current heating expense:
Current price per gallon = $2.50
Gallons used last winter = 300
Current heating expense = Current price per gallon * Gallons used
Current heating expense = $2.50 * 300 = $750
2. Calculate the price increase:
Price increase = 6% (or 0.06 as a decimal)
3. Calculate the new price per gallon:
New price per gallon = Current price per gallon + (Price increase * Current price per gallon)
New price per gallon = $2.50 + (0.06 * $2.50) = $2.50 + $0.15 = $2.65 per gallon
4. Calculate the approximate heating expense for the next year with the increased price:
Next year's heating expense = New price per gallon * Gallons used
Next year's heating expense = $2.65 * 300 = $795
So, the Romano family's approximate heating expense for the next year, with a 6% price increase, will be approximately $795 when rounded to the nearest dollar.