Question

The increased demand for vegetarian meals has caused an increase in the price of tofu. If the current cost of $2.99 per pound is increasing 6% per year, what will it cost in 5 years?

Answer 1

R90,70

Explanation:

`2.99 * (6)/(100) * 5 =`

Answer 2

y=4, or $4

Explanation:

a=initial amount

b=growth

+6%=growth

100+6=106

106/6=1.06

equation: y=2.99(1.06)^x

2.99(1.06)^5

around 4