Question

John predicted that gas prices would rise 3.5% in the month of January. If gas prices start at $3.25, how much will the gas be if John is correct?

Answer 1

$3.36

Explanation:

0.11375(3.5% of $3.25) + 3.25 = 3.36375

round to the hundredth since it money and your answer is #3.36

Answer 2

$3.36

Explanation:

to find out what the price is after an increase of 3.5%, set it as 103.5% of the original price and then we convert the percent to a decimal (divide by 100)

so:

$3.25 x 103.5% =

3.25 x 1.035 = $3.36