SOLUTION: At a wholesale food distribution center, the price of sugar
has increased 6.3% annually since 1980. Suppose sugar cost $0.43 per
pound in 1980 and this growth continues. What wil
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-> SOLUTION: At a wholesale food distribution center, the price of sugar
has increased 6.3% annually since 1980. Suppose sugar cost $0.43 per
pound in 1980 and this growth continues. What wil
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Question 401119: At a wholesale food distribution center, the price of sugar
has increased 6.3% annually since 1980. Suppose sugar cost $0.43 per
pound in 1980 and this growth continues. What will a pound of sugar
cost in 2017? Use y = a(1 + r)^t and round to the nearest cent. Answer by sofiyac(983) (Show Source):
You can put this solution on YOUR website!
First you need to convert your percent from a percent to a number so you divide it by 100 and get 0.063. Then you just plug in the numbers into the formula and evaluate.
