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MATH / Mike paid 1.25 for a stamp three years ago. He was just offered double that amount for the stamp. Assuming the stamp's offer price doubles every three years, how many dollars will …
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problem
Mike paid for a stamp three years ago. He was just offered double that amount for the stamp. Assuming the stamp's offer price doubles every three years, how many dollars will he be offered in 12 more years?
Plain-text mathematical notation (without MathML)
Mike paid $1.25 for a stamp three years ago. He was just offered double that amount for the stamp. Assuming the stamp's offer price doubles every three years, how many dollars will he be offered in 12 more years?
Original LaTeX notation
Mike paid $\$1.25$ for a stamp three years ago. He was just offered double that amount for the stamp. Assuming the stamp's offer price doubles every three years, how many dollars will he be offered in 12 more years?
level
Level 4
type
Algebra
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