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The price of milk has been increasing by 4% per year. If he gallon of milk cost exactly 3 dollars right now, how much should it cost in 4 years?

The price of milk has been increasing by 4% per year. If he gallon of milk cost exactly 3 dollars right now, how much should it cost in 4 years?
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The price of milk has been increasing by 4% per year. If he gallon of milk cost exactly 3 dollars right now, how much should it cost in 4 years?

asked
User Tsilb
by
8.6k points

1 Answer

7 votes
Answer: 3.48
Explanation: It’ll increase by 0.12 every year!
answered
User Ferry
by
8.5k points
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