Mrs. Tatiana owns a grocery store that sells different fruits and vegetables, which includes carrots. The price of carrots in the grocery store increases by 5% of the original price every year. What would be the price of carrots after three years if it was $120 initially? (Round to the nearest integer)
In the first year, the price of carrots increases by 5/100*120 = $
<gadget id="calculator">5/100*120</gadget>
<output>6</output>
6.
After 3 years, the price of carrots will increase by $6*3 = $
<gadget id="calculator">6*3</gadget>
<output>18</output>
18.
The total price of carrots after three years will be 120+18 = $
<gadget id="calculator">120+18</gadget>
<output>138</output>
138.

<result>138</result>