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Q1/ The average price of gasoline in 2005 was $2.31 per gallon. In 1993, the average price was $1.07. What was the annual rate of increase in price of gasoline over this 12- year period? How long will it be before we are paying $5.00 per gallon?

Q1/ The average price of gasoline in 2005 was $2.31 per gallon. In 1993, the average price was $1.07. What was the annual rate of increase in price of gasoline over this 12- year period? How long will it be before we are paying $5.00 per gallon?

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I need the solution in handwriting Q1/ The average price of gasoline in 2005 was $2.31 per gallon. In 1993, the average. price was $1.07. What was the annual rate of increase in price of gasoline over this 12- year period? How long will it be before we are paying $5.00 per gallon?
Transcribed Image Text:I need the solution in handwriting Q1/ The average price of gasoline in 2005 was $2.31 per gallon. In 1993, the average. price was $1.07. What was the annual rate of increase in price of gasoline over this 12- year period? How long will it be before we are paying $5.00 per gallon?
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