Jacob noticed that there was a 23 percent increase in the gas prices from the day before.
If the gas price the day before was $3.49, what is the approximate price of gas today?
Jacob noticed that there was a 23 percent increase in the gas prices from the day before.
If the gas price the day before was $3.49, what is the approximate price of gas today?
A.$4.29
B.$2.69
C.$3.26
D.$3.72
Show work
First, we need to find how much the price increased by. To do that, multiply the original price by the increase percentage: $3.49 * 0.23 = $0.80 (rounded to the nearest cent).
Then, to find the new price, simply add this increase to the original price: $3.49 + $0.80 = $4.29.
The approximate price of gas today is $4.29. The correct answer is A. $4.29.