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21 December, 21:41

One pack of pencils currently cost $1.19. The cost of one pack of pencils is porjected to increase by 135% in the next 5 years. What is the projected cost of a pack of pencils 5 years from now?

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  1. 21 December, 21:42
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    Step-by-step explanation:

    The current price of one pack of pencil is $1.19. The cost of one pack of pencils is projected to increase by 135% in the next 5 years. This means that in 5 years from now, the increase in the price of a pack of pencil will be

    135/100 * 1.19 = 1.35*1.19 = 1.6065

    The new price in 5 years time as projected would be the sum of the initial price and the increase. It becomes

    1.19 + 1.6065 = $2.7965
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