Question

The cost of gasoline is $2.45 per gallon. The price per gallon increased an average of 2% per hour over the period of a day. This can be modeled by the function G(t) = 2.45(1.02)t, where t is the number of hours since midnight. What would be the most appropriate

Answer 1

The average cost for a gallon of gasoline in 2006 was $2.45. In 2007, the average cost of a gallon of gasoline was $3.29.