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18 February, 09:02

The price of crude oil, per barrel, in the year 2006 was estimated at $66.02. There was a 9.5% increase in the year 2007 and a 38.83% increase in the year 2008. Determine the approximate value for a barrel of crude oil in the year 2008. Round your answer to the nearest cent.

a.

$128.74

c.

$179.27

b.

$91.66

+5
Answers (1)
  1. 18 February, 10:30
    0
    66.02 + 0.095 (66.02) = 72.29 ... in 2007

    72.29 + 0.3883 (72.29) = 100.36 < = = = in 2008
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Home » Mathematics » The price of crude oil, per barrel, in the year 2006 was estimated at $66.02. There was a 9.5% increase in the year 2007 and a 38.83% increase in the year 2008. Determine the approximate value for a barrel of crude oil in the year 2008.
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