Question

A news broadcast is reporting that gas prices have

increased by 10% in the past week. If the price of gas a
week ago was $3.40 per gallon, what is the price of gas today?

Answer 1

price of gas is $ 3.74 today .

Explanation:

A week ago the price of gas was $ 3.40

And it was reported that price of gas is increased by 10 % in the past week.

So the present value of gas =
`((10)/(100) *3.40) + 3.40` = 0.34 + 3.40 = $ 3.74 .

So the price of gas is $ 3.74 today .