### Home > CCA > Chapter 9 > Lesson 9.1.2 > Problem9-22

9-22.

The increased demand for vegetarian meals has caused an increase in the price of tofu. If the current cost of $\2.99$ per pound is increasing $6\%$ per year, what will it cost in $5$ years?

Use the Compound Interest formula: $t(n)=$ Initial Amount $·(1+\text{rate})^n$

Review the Math Notes box in Lesson 7.1.3.

$\4.00$