SOLUTION: Another problem I just couldn't figure out and I'm still working on it . A product that cost 2,000 increase by 5% in June. The new June price of the product increased by 5% on Dece

Question 235128: Another problem I just couldn't figure out and I'm still working on it . A product that cost 2,000 increase by 5% in June. The new June price of the product increased by 5% on December 1st. How many dollars did the product increase by Dec 1. I don't have a clue! Can you please help? Sorry but, I'm still having trouble

Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
A product that cost 2,000 increase by 5% in June. The new June price of the product increased by 5% on December 1st. How many dollars did the product increase by Dec 1.
:
Find the cost of the item after the 1st 5% increase (june)
1.05 * 2000 = 2100
:
Find the cost of the item after the 2nd 5% increase (dec)
1.05 * 2100 = $2205
:
What was the total increase?
2205 - 2000 = $205
RELATED QUESTIONS
Another problem I just couldn't figure out and I'm still working on it . A product that... (answered by solver91311)

I might not have the topic exactly right, but I have an issue. This assignment was due... (answered by josgarithmetic,Edwin McCravy,MathLover1,ikleyn)

This is driving me crazy. I finally solved my problem, but I can�t figure out why my... (answered by kensson,MathTherapy)

I am trying to use the pythagorean theorem on right triangles. We are supposed to do the... (answered by greenestamps,ikleyn)

The table shows the profit P(in dollars) of a small sporting goods store as a function of (answered by stanbon)

Hi, earlier I posted my math problem but I couldn�t figure out how to upload the image so (answered by greenestamps)

The total cost (in dollars) of producing x food processors is C(x) = 2500 + 80x - 0.3x^2 (answered by ikleyn)

The directions for the problem is "Solve each equation for x to three significant digits� (answered by fractalier)

Okay, so I'm really struggling on this question, and I was wondering if someone could... (answered by MathLover1,ikleyn)