At the pump, one litre of diesel fuel cost 98 cents in NSW in 2003. The value of diesel fuel has increased by 4% per annum since then.
Which expression gives the value, in cents, of one litre of diesel at the pump in 2023?
- `98 xx 20 xx 1.04`
- `98(1 + 0.04)^20`
- `98 xx 1.04 xx 20`
- `98 xx 20 xx 0.04`