##### Example A.7.1.

A loaf of bread cost $3.00 last month, but this year the price rose by 6%. What should you multiply by to find the new price? What is the new price?

##### Solution.

To get the new price, we multiply by 1.06 to get

\begin{equation*}
1.06(3.00)=3.18
\end{equation*}

The new price is $3.18.