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due to inflatation, the cost of harys hot wings grows by 4% every year. this year a dozen hot wings cost 5.99

part a. how much will a dozen hot wings cost next year

part b. how much will a dozen hot wings cost in 2 years

Respuesta :

Answer:

Part A : $6.23

Part B : $6.48

Step-by-step explanation:

Let's apply the Simple Interest Formula, which is :

Simple Interest = Principal Amount x Interest rate x Time Period

In one year :

  • I = 5.99 x 4% x 1
  • I = $0.24
  • Cost = $5.99 + $0.24
  • Cost = $6.23

In 2 years :

  • I = $6.23 x 4% x 1
  • I = $0.25
  • Cost = $6.23 + $0.25
  • Cost = $6.48

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