Question
A bag of chicken breasts that originally sold for $11.69 undergoes a 7% price increase each year. Part 1 of 2 (a) Find the new cost of the bag of chicken breasts after 10 years. Round your answer to the nearest cent.
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Answer to a math question A bag of chicken breasts that originally sold for $11.69 undergoes a 7% price increase each year. Part 1 of 2 (a) Find the new cost of the bag of chicken breasts after 10 years. Round your answer to the nearest cent.
Gerhard
4.594 Answers
Price increase = 7% or 0.07
Let y = New Price
X = Original Price
t = years
y=x\left(1+0.07\right)^t
y=11.69\left(1.07\right)^{10}
y = $23.00
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