We appreciate your visit to Suppose it costs 30 to fill a vehicle s gas tank in 2021 Using the price index that you found above how much will it. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
To fill the same vehicle's gas tank with the same amount of gas in 2022, it will cost approximately $31.50.
Explanation:
To calculate the cost of filling the gas tank in 2022, we need to find the percentage increase in gas prices from 2021 to 2022. Let's assume the price index for gasoline is 1.05, indicating a 5% increase.
To find the cost in 2022, we multiply the 2021 cost ($30) by the price index (1.05):
$30 x 1.05 = $31.50
Therefore, it will cost approximately $31.50 in 2022 to fill the same vehicle's gas tank with the same amount of gas.
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