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11-5.
  1. The cost of a loaf of bread is now $2.79 and has been increasing 8% per year for several years. Homework Help ✎

    1. At the same rate, what will it cost in 5 years?

    2. What did it cost 5 years ago?

What is the multiplier? Use the multiplier to calculate your answer.

$4.10

Think of this as a geometric sequence.
Going forwards (in time) you multiply.
How would you go backwards (in time)?