SOLUTION
The given formula is
[tex]C=p+rp[/tex]From the given information
[tex]\begin{gathered} P=30.99 \\ r=\frac{5}{100}=0.05 \end{gathered}[/tex]Substitute these values into the equation:
[tex]C=30.99+0.05\times30.99[/tex]Solve the equation for c
[tex]\begin{gathered} C=30.99+1.5495 \\ C=32.54 \end{gathered}[/tex]Therefore, the total cost is:
[tex]\text{ \$}32.54[/tex]