Question

Gas prices are up 30% since last year when they were $4.35, how much is gas now?

Express your answer rounded correctly to the nearest cent.

Answer 1

$5.66/gal

Explanation:

To calculate the current price of gas, multiply $4.35/gal by (1 + 0.30), or by 1.30:

1.30($4.35/gal) = $5.66/gal