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Exponential Growth/Decay?

Inflation is causing things to cost roughly 2% more per year. A bag of milk costs $3.75 now. Estimate its cost in five years.

2007-01-17 11:55:42 · 1 answers · asked by untilyoucamealong04 3 in Science & Mathematics ➔ Mathematics

1 answers

That is 3.75 * (1.02)^5 = (do the arithmetic)

2007-01-17 11:58:51 · answer #1 · answered by Jerry P 6 · 0⤊ 0⤋

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