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Home > CCA > Chapter 9 > Lesson 9.1.2 > Problem 9-22

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? Homework Help ✎

Use the Compound Interest formula: t(n) = Initial Amount · (1 + rate)n

Review the Math Notes box in Lesson 7.1.3.

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