### Home > CC3MN > Chapter 10 > Lesson 10.1.3 > Problem10-37

10-37.

The increased demand for vegetarian meals has caused an increase in the price of tofu. If the cost of tofu is currently $$2.99$ per pound, and is increasing by $6$% per year, what will it cost in $5$ years? Use the Compound Interest formula: $t(n) =\text{ Initial Amount }· (1 +\text{ rate})^n$$$4.00$