Assume that inflation will increase the prices of everything at a rate of 5% a year over the next 10 years. In 3 years, what will be the price of headphones that now cost $100? Round your answer to the nearest hundredth.

The California Basic Educational Skills Test (CBEST) is a standardized test administered in the state of California.

CBEST Mathematics test contains 50 multiple-choice questions which require candidates to solve problems from three major areas: Estimation, Measurement, and Statistical Principles; Computation and Problem Solving; and Numerical and Graphic Relationships.