Gas prices in shelby county are at $3.00 per gallon. if a market scientist predicts a 40% increase in the price of gas in the coming month, what will the price of gas be?
Answer-
The price of gas will be $4.2
Solution-
Gas prices in shelby county = $3.00 per gallon
Market scientist predicts a 40% increase in the price of gas in the coming month.
So the new price will be,
\(=3+(3\times \dfrac{40}{100})\)
\(=3+(3\times 0.4)\)
\(=3+1.2\)
\(=4.2\)
Therefore, the price of gas will be $4.2