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the price of a barrel oil currently cost $120. Next month if the price increases by 1/12 of the current cost, then what would be the new cost of a barrel of oil?
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the price of a barrel oil currently cost $120. Next month if the price increases by 1/12 of the current cost, then what would be the new cost of a barrel of oil?

User Luke Hutton
by
6.3k points

1 Answer

10 votes

Answer:

$130

Explanation:

120 x (1 + 1/12) = 120 x 13/12 = 130

User Vkamayiannis
by
6.6k points
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