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On January 1 of a certain year, the price of gasoline was $2.29 per gallon. Throughout the year, the price of gasoline increased by 2.5% per month. What was the cost of one gall…

On January 1 of a certain year, the price of gasoline was $2.29 per gallon. Throughout the year, the price of gasoline increased by 2.5% per month. What was the cost of one gall…
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On January 1 of a certain year, the price of gasoline was $2.29 per gallon. Throughout the year, the price of gasoline increased by 2.5% per month. What was the cost of one gallon of gasoline, to the nearest cent, one year after January 1?​

User Lisarien
by
7.8k points

1 Answer

5 votes

Answer:

$3.08

Explanation:


2.29(1.025)^(12) \approx \$3.08

User Axelclk
by
7.8k points
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