A candy bar that originally sold for $0.65 undergoes a 7% price increase each year. Find the new cost of the candy bar after 15
years. Round your answer to the nearest cent.
The new cost of the candy bar after 15 years is $
1 answer:
Answer:
10.4325
Step-by-step explanation:
For 1 year: (0.65) + (0.65)(0.07) = 0.6955
For 15 years: 0.6955 X 15 = 10.4325
All together: (0.65+(0.65*0.07))*15 = 10.4325
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