If it cost $8 to fill a gas tank in 1980, how much would it have cost to fill the same tank in 1990?Average Gasoline Prices (per gallon)Price as a Percentage Price Index(1980 = 100)25.4YearPriceof 1980 Price1960$0.3125.4%1970$0.36$1.22$1.23$1.56$2.8429.5%29.519801990100.0%100.0100.8%100 8127.920002010127.9%232.8%232.8It would have cost $in 1990.(Round to the nearest cent as needed.)

As per average gasoline price data given in the question , price index for average gasoline price…

Answered: If it cost $8 to fill a gas tank in…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.4: Geometric Sequences And Series

Problem 8SC

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If it cost $12 to fill a gas tank in 2000, how much would it have cost to fill the same tank in 1990? Average Gasoline Prices (per gallon) Year Price Price as a Percentage of 2000 Price Price Index (2000=100) 1960 $0.31 19.9% 19.9 1970 $0.36 23.1% 23.1 1980 $1.22 78.2% 78.2 1990 $1.23 78.8% 78.8 2000 $1.56 100.0% 100.0 2010 $2.84 182.1% 182.1
If it cost $10 to fill a gas tank in 1990, how much would it have cost to fill the same tank in 2000? It would have cost $ in 2000. (Round to the nearest cent as needed.) Average Gasoline Prices (per gallon) Price as a Percentage of 1990 Price Year Price 1960 $0.31 1970 $0.36 1980 $1.22 1990 $1.23 2000 $1.56 2010 $2.84 25.2% 29.3% 99.2% 100.0% 126.8% 230.9% Price Index (1990 = 100) 25.2 29.3 99.2 100.0 126.8 230.9
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