A bag of chicken breasts that originally sold for $11.69 undergoes a 5% price increase each year.
Part 1 of 2
(a) Find the new cost of the bag of chicken breasts after 12 years. Round your answer to the nearest cent.
The new cost of the bag of chicken breasts after 12 years is $20.99
Part: 1/2
Part 2 of 2
(b) If, on the other hand, the cost of the bag of chicken breasts increased by 5% of the original cost each year for 12 years,
how would that compare to your answer from part (a)? Round all intermediate calculations and the final answer to the
nearest cent.
The bag of chicken breasts would cost
less