Answer :
Sure! Let's work through this problem step-by-step to determine how much of the same tank could be filled with [tex]$3 in 1970.
1. Understand the problem:
We are asked how much gasoline $[/tex]3 could buy in 1970, given historical gas prices.
2. Identify the relevant prices:
- In 1960, the price of gasoline was [tex]$0.31 per gallon.
- In 1970, the price of gasoline was $[/tex]0.36 per gallon.
3. Calculate how many gallons [tex]$3 could buy in 1970:
We need to determine how many gallons of gasoline $[/tex]3 could purchase in 1970 if each gallon costs [tex]$0.36.
4. Set up the calculation:
To find the number of gallons we can buy, use the formula:
\[
\text{Number of gallons} = \frac{\text{Total amount of money}}{\text{Price per gallon}}
\]
In this case:
\[
\text{Number of gallons} = \frac{3 \text{ dollars}}{0.36 \text{ dollars per gallon}}
\]
5. Perform the division:
When we divide $[/tex]3 by [tex]$0.36, we get:
\[
\text{Number of gallons} = 8.\overline{3}
\]
So, $[/tex]3 could fill approximately [tex]\( 8.33 \)[/tex] gallons of gasoline in 1970.
Therefore, with $3 in 1970, you could fill about 8.33 gallons of the same tank.
1. Understand the problem:
We are asked how much gasoline $[/tex]3 could buy in 1970, given historical gas prices.
2. Identify the relevant prices:
- In 1960, the price of gasoline was [tex]$0.31 per gallon.
- In 1970, the price of gasoline was $[/tex]0.36 per gallon.
3. Calculate how many gallons [tex]$3 could buy in 1970:
We need to determine how many gallons of gasoline $[/tex]3 could purchase in 1970 if each gallon costs [tex]$0.36.
4. Set up the calculation:
To find the number of gallons we can buy, use the formula:
\[
\text{Number of gallons} = \frac{\text{Total amount of money}}{\text{Price per gallon}}
\]
In this case:
\[
\text{Number of gallons} = \frac{3 \text{ dollars}}{0.36 \text{ dollars per gallon}}
\]
5. Perform the division:
When we divide $[/tex]3 by [tex]$0.36, we get:
\[
\text{Number of gallons} = 8.\overline{3}
\]
So, $[/tex]3 could fill approximately [tex]\( 8.33 \)[/tex] gallons of gasoline in 1970.
Therefore, with $3 in 1970, you could fill about 8.33 gallons of the same tank.
