Algebra 2

The price of gas went up by 0.5% last month. Suppose gas currently costs $2.44 a gallon. If the price of gas continues to increase at this rate... What will it cost one year from now? When will it cost $5 a gallon.

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  1. in one year, 2.44 * 1.005^12

    In n months, it will cost $5.00, when
    2.44*1.005^n = 5.00

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