The cost of a loaf of bread is now $2.79 and has been increasing 8% per year for several years. Homework Help ✎
At the same rate, what will it cost in 5 years?
What did it cost 5 years ago?
What is the multiplier? Use the multiplier to calculate your answer.
Think of this as a geometric sequence.
Going forwards (in time) you multiply.
How would you go backwards (in time)?