SOLUTION: For 2 consecutive years cheese prices rose by 10%. At the beginning of the first year 1 kg of cheese cost $5.00. At the end of the second year how many grams of cheese could be b

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Question 629915: For 2 consecutive years cheese prices rose by 10%. At the beginning of the first year 1 kg of cheese cost $5.00. At the end of the second year how many grams of cheese could be bought for $10.00?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
At the end of the 1st year 1 kg of cheese
will cost +5+%2B+.1%2A5+=+5.5+ or $5.50
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At the end of the 2nd year, 1 kg costs
+5.5+%2B+.1%2A5.5+=+6.05+, or $6.05
The price is +6.05+%2F+1000+=+.00605+ dollars/gram
In units:
( grams ) = ( dollars ) / ( dollars / gram )
+10+%2F+.00605+=+1652.89+ grams of cheese
can be bought for $10
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The answer looks close because if the price hadn't
gone up, you could get 2000 grams for $10